On Nov. 11 the Hong Kong Financial Development Council released a report, Strengthening Hong Kong as an international asset and wealth management hub: Attracting patient capital, recommending research to include mainland pension funds in Bond Connect 'southbound'; to study admitting target‑date, long‑duration and ESG funds into Wealth Management Connect and the Mutual Recognition of Funds; and to advance an 'Insurance Connect' as a regulated cross‑border financial link.