The Hong Kong Financial Services and the Treasury Bureau promotes the tokenization of assets and financial instruments

ChainCatcher news, according to Hong Kong Wen Wei Po, Hong Kong's Secretary for Financial Services and the Treasury, Hui Cheng Yu, stated that the Hong Kong government will promote the tokenization of assets and financial instruments to facilitate the development of the digital asset sector. The government has released the "Hong Kong Digital Asset Development Policy Declaration 2.0," aiming to establish Hong Kong as a global innovation center for digital assets.

Hong Kong has built a regulatory framework that balances risk management, investor protection, and industry development, including the implementation of the "Stablecoin Ordinance" and a licensing system for digital asset trading platforms. The government also plans to regularize 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 the first digital asset indices in Hong Kong, providing investors with transparent and reliable benchmarks for Bitcoin and Ethereum prices.