Recently, the Hong Kong stock market has been abuzz with vigorous refinancing endeavors. Data sourced from Wind reveals that, as of September 9, the refinancing volume in the Hong Kong stock market has soared to HKD 214.437 billion for the current year, a figure that significantly outstrips the capital raised through new stock issuances over the same timeframe. Analysts have highlighted that, propelled by positive catalysts such as the growing anticipation of a Federal Reserve interest rate reduction in September and the cessation of persistent net outflows of active foreign capital, the liquidity landscape of the Hong Kong stock market is poised for improvement. The ensuing boost in liquidity is expected to serve as a robust pillar of support for the market's future performance.