Hong Kong Financial Secretary: Tokenization of Exchange Fund Bills to be piloted by the end of 2026

According to Odaily Planet Daily, Christopher Hui, Secretary for Financial Services and the Treasury of Hong Kong, stated at a press conference on financial development measures in the Chief Executive's 2026 Policy Address, that digital assets and fintech are new growth engines for Hong Kong. Hong Kong accounts for approximately 50% of the global market share of digital bonds issued. A pilot program for the tokenization of Exchange Fund Bills will be implemented by the end of 2026. Clearing House (CMU) will establish a digital asset platform by 2026, providing one-stop services for digital bond issuance and settlement. Regarding regulation and market development, measures include improving the virtual asset licensing system, refining the regulatory framework for tokenized investment products, promoting the trading of regulated stablecoins on licensed platforms, and encouraging the expansion of application scenarios for compliant stablecoins.