Hong Kong will promote the use of tokenization technology in capital markets

On February 21, according to Hong Kong media Ming Pao, Hong Kong Deputy Financial Secretary Huang Weilun said that the Hong Kong government will further improve the supervision and framework of virtual assets, continue to promote the wider application of tokenization technology in capital markets, improve the development of relevant systems and formulate industry standards. In addition, Hong Kong is active and promising in the development of financial technology. For example, in October last year, the "Policy Declaration on the Responsible Application of Artificial Intelligence in Financial Marekt" was issued, and in December last year, it regulated the issuers of fiat currency stablecoins and submitted the "Stablecoin Bill".