Xu Zhengyu: Actively exploring the application of asset tokenization in real economy scenarios, with plans to issue limited stablecoin licenses next y...

According to Foresight News , citing 21st Century Business Herald, Christopher Hui, Secretary for Financial Services and the Treasury of the Hong Kong Special Administrative Region, systematically elaborated on Hong Kong's strategic layout in fintech, asset management, and commodity markets in an exclusive interview. The aim is to leverage the advantages of "One Country, Two Systems" to create an "international asset safe deposit box" for the nation and serve the strategy of building a strong financial nation. Hui emphasized that the goal of developing fintech is to "empower the real economy," not speculation. He cited asset tokenization (RWA) as an example, pointing out that Hong Kong is exploring its application in real economy scenarios such as international shipping leasing and corporate fund management, and mentioned that the successful issuance of the third batch of digital green bonds by the Hong Kong SAR government is an important step towards normalization.

Hong Kong has passed relevant laws with the goal of issuing stablecoin licenses starting next year, but the initial number of licenses will be very limited, and regulation will be cautious. It is clear that stablecoins are intended to address pain points in the real economy, such as cross-border payments, rather than being speculative tools. Hong Kong is actively attracting family offices and plans to submit a bill to the Legislative Council next year to expand tax exemptions to emerging product categories such as digital assets, private lending, and carbon credits, in order to better "catch" global funds.