Hong Kong is set to transition from its traditional role as a 'super connector' to a global capital hub, according to a new report by the Financial Development Council (FDC). The report outlines a strategic plan to enhance the city's financial ecosystem through digital advancements and by attracting international issuers. Key challenges identified include strengthening the bond market and competing with financial centers like Singapore and New York. The initiative aims to create a more robust and diverse financial environment to support sustainable growth.