Hong Kong's Hang Seng Index closes 0.33 pct lower

Hong Kong's stock market ended lower on Tuesday with the benchmark Hang Seng Index down 0.33 percent to close at 26,346.14 points.

The Hang Seng China Enterprises Index lost 0.97 percent to end at 9,375.79 points, while the Hang Seng Tech Index shed 1.26 percent to close at 6,093.44 points.

With China's southern island province of Hainan gearing up to launch its special customs operations, the expected higher level of openness is set to bring together high-quality resources from both China and abroad, providing crucial support for building a modern industrial system.

Hainan has outlined its strategic development framework for this modern industrial system with distinctive characteristics and advantages, featuring a tiered and structured layout, which has been dubbed "45432".

The first "4" stands for optimizing and upgrading the four leading industries: tourism, modern services, high-tech industries, and efficient tropical agriculture, which currently contribute over 67 percent of the provincial GDP.

The "5" signifies cultivating new quality productive forces along five strategic fronts, leveraging Hainan's unique advantages in climate, ocean depth, latitude, and green ecology to forge strengths in seed development, the marine economy, aerospace, green development, and the digital economy.

The second "4" reflects a forward-looking plan to develop four advanced industries: bio-manufacturing, hydrogen energy, brain-computer interfaces, and embodied AI.

The "3" focuses on excelling in three key consumption areas: expanding duty-free shopping, developing international healthcare, and refining education into world-class offerings.

Finally, the "2" underpins the entire structure by building Hainan into both an Island of Talent and an Island of Technological Innovation.

Together, the "45432" framework comprehensively connects industrial upgrading, cutting-edge innovation, premium consumption, and talent, cementing Hainan's role as a strategic and high-value frontier for broader opening-up and high-quality development.