Hong Kong Treasury Bureau: Actively progressing the study on the applicability of current legislation to tokenized bonds, promoting the adoption of tokenization technology in the Hong Kong bond market.

According to the Wise Finance APP, Mr. XU Zhengyu, the Treasurer of Hong Kong, stated in his speech at the Financial Technology Outlook Seminar and 01 Fintech Excellence Award Ceremony on November 21 that the Hong Kong Treasury and the Hong Kong Monetary Authority are jointly advancing research on the applicability of existing laws to tokenized bonds in order to promote the use of tokenization technology in the Hong Kong bond market. Details will be announced in the first half of next year. In addition, financial regulatory agencies regularly review and optimize the regulatory framework for digital assets. For example, the Hong Kong Securities and Futures Commission recently issued two new circulars at the beginning of this month, allowing licensed virtual asset trading platforms to share global order books with their overseas affiliated virtual asset trading platforms, enabling local investors to more effectively utilize global market liquidity and expand the range of products and services that virtual asset trading platforms can offer for various types of digital assets, in order to facilitate industry development.