ChainCatcher news, Hong Kong Financial Secretary Paul Chan published a blog post, in which he pointed out that the Federal Reserve cut interest rates by 50 basis points last week, marking the first rate cut in over four years. Coupled with the recent rate cuts by several major central banks globally, this has strengthened the financial market's expectation of a gradual decline in global interest rates.The loose financial environment is also favorable for the asset market atmosphere and the business operating environment. Although under the linked exchange rate system, it can be expected that the future interest rate trend in Hong Kong will generally follow that of the U.S., the speed and extent of the cuts will depend on local capital flows and market conditions.In the context of a gradually improving overall environment, there is a greater need to further promote the Hong Kong market. As the appetite for investment risk gradually rises and investors chase higher returns, it is essential to explore broader and more diversified sources of funding for the Hong Kong market.Following the listing of the first ETF tracking Saudi Arabian stocks in the Asia-Pacific region at the end of last year, the Saudi Capital Market Authority recently announced the approval of the first ETF investing in Hong Kong stocks, which will be listed on the Saudi Stock Exchange, allowing local and Middle Eastern funds to invest more conveniently in stocks listed in Hong Kong. Hong Kong will continue to strengthen its promotion in various traditional and emerging markets and foster more cooperation. It is believed that as interest rates decline, it will better leverage funds from different markets to inject new momentum into Hong Kong's capital market.