Yan Jianhua, CEO of Wing Ming Asset Management (Hong Kong), stated that although Hong Kong stocks have been rising recently, there is no trend of clients transferring to Hong Kong A shares on a large scale. Gong Weiyi, Chief Investment Strategist of the company, pointed out that Wing Ming still holds a neutral preference for the Hong Kong A stock market in the medium to long term. Regarding the Hong Kong Insurance Authority's study on introducing new insurance companies to provide highly integrated insurance products and retirement services to help Hong Kong residents retire in the mainland, Lin Jiayan, CEO of Wing Ming Financial, expressed that Wing Ming is not worried about increased competition. They are interested in the retirement services proposed by the Hong Kong Insurance Authority, as the group has implemented similar services in Singapore and performed well. Lin believes that Hong Kong, as a mature market, also has a high demand for retirement services. However, he mentioned that the specific deployment details need to wait for guidance from the Hong Kong Insurance Authority, and hopes that Wing Ming can be one of the first insurance companies to provide retirement services in the industry. Furthermore, Lin Jiayan stated that Wing Ming's NBAPE in the first three quarters of 2024 increased by 139% year-on-year, the total number of new financial advisers increased by 35%, and the recruitment target for 2025 is to exceed 1,000 people. He mentioned that Wing Ming plans to invest in digitalization of internal operations this year and is expected to launch Advisor Workbench, among other initiatives. Yang Juan, General Manager of Sun Life Wing Ming's life and health business, announced that Wing Ming plans to launch a new immediate annuity insurance product in the second half of this year. In addition, Sun Life Wing Ming announced the launch of a new fund - Wing Ming Trillions of MPF Income Fund, aiming to provide stable dividend payments (the dividend distribution rate is not guaranteed and dividends can be distributed from the capital). This fund will continuously reinvest the capital to assist Trillions of MPF members in accumulating reserves before retirement. With the launch of the Wing Ming Trillions of MPF Income Fund, Sun Life Wing Ming's Trillions of MPF component funds will increase from 18 to 19, providing Trillions of MPF members with more diversified choices to meet different investment preferences and needs.