Hong Kong Goldilocks Bureau: 2-5 years to promote the tokenization of physical assets, 5-10 years to improve the tokenization issuance and trading system

The Hong Kong Financial Services Development Council released a concept report entitled "Hong Kong capital markets leading the way: super contacts - global capital hub in the digital age", which proposes a set of strategic framework, various measures follow a clear timeline plan, provide a pragmatic and executable implementation path, and expand tokenized assets in an orderly manner, including: the medium-term direction in 2-5 years will develop tokenized physical assets and other tools, and the long-term vision in 5-10 years will gradually enhance the ability to support tokenized issuance and post-trade operation, and promote the harmonization and unification of data and compliance standards on a larger scale to further enhance transaction efficiency and market transparency. At the same time, it will also accelerate the development of digital financial infrastructure, including tokenized platforms, smart contract applications and near-instant settlement systems, making Hong Kong a pioneer and demonstrator of next-generation capital markets solutions.