【香江观潮】 香港将构建可信与创新并重的数字资产生态圈

Core Viewpoint - The Hong Kong Special Administrative Region government has released the "Hong Kong Digital Asset Development Policy Declaration 2.0," marking a significant step in the systematic layout for the future development of digital assets, positioning them as a strategic tool for structural transformation in the local financial market [1] Regulatory Framework - The declaration emphasizes a prudent regulatory philosophy, establishing a multi-layered and segmented regulatory mechanism, with the Hong Kong Securities and Futures Commission as the main regulatory body [2] - A licensing system for digital asset trading service providers and custodians will be implemented, addressing legal barriers related to the tokenization of real-world assets [2] Product Innovation - The declaration proposes the normalization of tokenized government bond issuance and supports the development of tokenized ETF products, aiming to integrate tokenized assets into mainstream financial products [3] - It also highlights plans to advance tokenization experiments in non-financial physical assets such as precious metals and renewable energy, enhancing liquidity and cross-border trading attributes [3] Application Promotion and Talent Development - A dual strategy of "regulatory experimentation + market-driven" is emphasized, with a licensing mechanism for stablecoins set to be implemented on August 1 [4] - The declaration outlines a detailed plan for talent cultivation and international cooperation, aiming to establish Hong Kong as a global knowledge hub for digital assets [4] Terminology and Regulatory Recognition - The declaration distinguishes between "virtual assets" and "digital assets," reflecting a significant advancement in regulatory understanding and aligning with international financial center trends [5]