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Financial Secretary Paul Chan said Hong Kong has full capacity to develop biotech, with over 75 listed firms raising US$30+ billion since 2018. IPOs surged sixfold this year, 20% from biotech. New key enterprises will include global pharma giants boosting cross-border drug development.

The 2025 Fortune Global 500 Summit was held in Guangzhou, where participants highlighted that China's global expansion strategy is undergoing a paradigm shift—from "product export" to "ecosystem globalization." Enterprises must leverage technological empowerment and systematic planning, transplant entire industrial chains to build cluster advantages, and upgrade from a "defensive posture" to "proactive breakthrough" in global competition.

Hang Seng Indexes Company reported on September 19 that southbound Stock Connect net fund inflow reached HK$1,072.9 billion from the year's start to September 12, surpassing the full-year 2023 figure by 33%. The strong momentum included a record single-day inflow of HK$35.9 billion on August 15.

On September 26, the Innovation and Technology Commission launched the "Frontier Technology Research Support Scheme". Through matching grants, the government will help eight UGC-funded universities attract global research talents and acquire equipment for cutting-edge technology projects, with each approved application receiving HK$100-300 million.

On September 25, the People's Bank of China announced new measures to deepen financial connectivity between the mainland and Hong Kong. These include supporting foreign investors in mainland bond repos, expanding the "Swap Connect" program, doubling the daily quota for "Northbound Connect" to RMB 45 billion, and increasing the supply of RMB assets in Hong Kong.

On September 25, the Hong Kong Securities and Futures Commission and the Hong Kong Monetary Authority jointly released the Fixed Income and Currency Market Development Roadmap, strategically positioning Hong Kong as a global fixed income and currency centre. The Roadmap proposes ten key initiatives centered around four pillars: primary market issuance, secondary market liquidity, offshore renminbi business, and next-generation infrastructure.

On September 25, the Fraser Institute released the Economic Freedom of the World: 2025 Annual Report, in which Hong Kong was once again rated as the world's freest economy. Hong Kong ranked first globally in "Freedom of International Trade" and third in both "Sound Money" and "Regulation." On the same day, the U.K.'s Z/Yen Group and the China (Shenzhen) Development Institute jointly released the 38th Global Financial Centres Index, where Hong Kong placed near the top in multiple rankings.

Foshan has implemented the nation's first prefecture-level city government regulation dedicated to promoting corporate investment. The regulation aims to create a first-class business environment characterized by market-oriented, rule-of-law, and internationalized standards through measures including attracting and facilitating investment, optimizing investment services, and equally protecting the lawful rights and interests of all types of investors.

Nansha unveils 88 financial measures to deepen comprehensive cooperation among Guangdong, Hong Kong, and Macao. These measures focus on improving financial services for entrepreneurship and advancing the connectivity of financial markets within the Greater Bay Area, including facilitating the opening of bank settlement accounts for young entrepreneurs from Hong Kong and Macao and expanding the scope of pilot banks for free trade accounts.

Guangdong Province has formulated an industrial investment expansion plan focusing on artificial intelligence and robotics. The plan establishes a development mechanism for cultivating new industrial tracks, accelerates the formation of new investment hotspots, and prioritizes AI and robotics in its talent policies to support the recruitment and cultivation of relevant technical professionals.

The State Council has approved a comprehensive pilot reform for market-based allocation of production factors in the nine mainland cities of the Greater Bay Area and nine other regions. The Greater Bay Area implementation plan proposes seven key tasks, including promoting the commercialization of technological achievements, improving land resource allocation efficiency, and facilitating the smooth flow of human capital.

Chief Executive Mr John Lee stated the HKSAR Government will deepen rules alignment and mechanism connectivity among Guangdong, Hong Kong and Macao. The initiative aims to enhance cross-boundary flows of people, goods, data, and capital, including measures to optimise cross-border credit referencing and payment systems.

Shenzhen's Qianhai district has launched a new policy to attract global companies to set up R&D centers. Qualified enterprises can receive up to 6 million RMB in grants and enjoy incentives including rent subsidies, tax breaks, and talent benefits, aiming to establish an international innovation hub.

A Chinese official announced that the Greater Bay Area is now a top global innovation cluster, forming a national innovation pattern with Beijing and Shanghai.

Zhuhai's "16 Measures for Hong Kong and Macao Youth" have yielded results: 28 incubators, 608 projects, and 9,000+ jobs created within a year. Cross-border services and equal treatment policies establish Zhuhai as a preferred hub for these youth.