香港将提交数字资产政策条例草案，关注数字资产产业投资机遇

Investment Rating - The report maintains a "Positive" investment rating for the software and services industry [7] Core Insights - Hong Kong's Financial Secretary, Paul Chan, announced in the 2026 Budget that a draft digital asset policy will be submitted within the year, establishing a licensing system for digital asset trading and custody service providers. This initiative is expected to accelerate the regulatory framework and infrastructure development for the digital asset industry in Hong Kong [2][4] - The report suggests focusing on technology suppliers with blockchain capabilities and entities related to digital assets as potential investment opportunities [2][10] Summary by Sections Event Description - The Hong Kong government plans to introduce a licensing system for digital asset service providers, aiming to enhance market liquidity and provide more products and services for professional investors while ensuring investor protection [4] Event Commentary - The report highlights that Hong Kong is progressively establishing a comprehensive regulatory and operational framework for digital assets, covering issuance, trading, settlement, custody, and taxation. The anticipated issuance of the first licenses and the launch of digital asset platforms are expected to integrate digital assets into mainstream financial infrastructure [10] - The report also notes that the recent policies from mainland China regarding Real World Assets (RWA) may lead to a more regulated development phase for the digital asset industry, with Hong Kong serving as a crucial gateway for digital asset expansion [10]