方向、措施、监管明确，香港数字资产发展 “路线图” 来了 ！

Core Viewpoint - The Hong Kong government aims to establish the region as a global innovation center for digital assets through the release of the "Hong Kong Digital Asset Development Policy Declaration 2.0," which emphasizes a comprehensive regulatory framework and the expansion of tokenized products [1][13]. Group 1: Regulatory Framework - The new policy declaration introduces a "LEAP" framework focusing on legal and regulatory streamlining, expanding tokenized product categories, advancing use cases and cross-sector collaboration, and talent and partnership development [1]. - The Hong Kong Securities and Futures Commission (SFC) will oversee the licensing of digital asset trading and custody services, with a comprehensive review of existing laws to facilitate the tokenization of real-world assets [2][5]. - The regulatory framework aims to enhance market credibility, support effective risk management, and provide liquidity, thereby fostering a balanced ecosystem for market innovation and investor protection [6][12]. Group 2: Tokenization and Product Expansion - The government has issued tokenized green bonds totaling approximately HKD 6.8 billion, showcasing the benefits of tokenization, and plans to regularize the issuance of tokenized government bonds [10]. - Tax exemptions for tokenized ETFs will be clarified, encouraging market participants to explore the advantages of tokenizing ETFs, including money market ETFs [10]. - The government will promote broader asset and financial instrument tokenization across various sectors, including precious metals and renewable energy [10]. Group 3: Application Scenarios and Talent Development - A licensing mechanism for stablecoin issuers will be implemented on August 1, aimed at fostering practical application scenarios [11]. - The government will enhance collaboration among regulatory bodies, law enforcement, and technology providers to develop digital asset infrastructure [11]. - Initiatives will be taken to cultivate talent in the digital asset sector through partnerships with industry and academia, positioning Hong Kong as a center for knowledge sharing and international cooperation [11].