Hong Kong Financial Services and the Treasury Bureau Promotes Tokenization of Assets and Financial Instruments

According to Hong Kong Wen Wei Po, Hong Kong's Secretary for Financial Services and the Treasury, Christopher Hui, stated that the Hong Kong government will promote the tokenization of assets and financial instruments to promote the development of the digital asset sector. The government has released the "Hong Kong Policy Statement on Development of Virtual Assets 2.0," which aims to build Hong Kong into a global digital asset innovation center. Hong Kong has built a regulatory framework that balances risk management, investor protection, and industry development, including the implementation of the Stablecoin Ordinance and the licensing system for digital asset trading platforms. The government also plans to normalize the issuance of tokenized government bonds and promote the tokenization of assets such as precious metals, non-ferrous metals, and renewable energy. The Hong Kong Stock Exchange has launched Hong Kong's first digital asset indices, providing investors with a transparent and reliable price benchmark for Bitcoin and Ethereum. [ChainCatcher]