Recently, the Government of the Hong Kong Special Administrative Region of China submitted an application for listing of a global medium-term note programme to the Hong Kong Exchanges and Clearing Limited, with a size of HK$500 billion. This programme will take effect on 3 July 2024, with a term of 12 months, and will issue debt securities to professional investors. The relevant offering circular was released publicly on the same day, and the listing approval is expected to take effect today. The Hong Kong Special Administrative Region Government launched this medium-term note programme to raise funds to support its fiscal needs and promote economic development. According to the announcement, this programme will only be issued to professional investors in accordance with the provisions of Chapter 37 of the Securities Listing Rules of the Hong Kong Exchanges and Clearing Limited. This move aims to improve market liquidity and ensure that investors have corresponding risk identification and risk tolerance capabilities. © 2021 Meishun (Hong Kong) Management Consulting Co., Ltd. and Meishun (Hangzhou) Management Consulting Co., Ltd. All rights reserved. Meishun Meiyin (Hangzhou) Consulting & Management Co., Ltd. is the domestic subsidiary of Hong Kong Meishun Management Consulting Co., Ltd. under the same ultimate controlling shareholder. Both companies share the same ultimate controlling party, operate under the one-China principle, and comply with the laws of Hong Kong and the Chinese mainland.