2026年1月8日，香港金融市场迎来重磅消息：恒生银行私有化方案在法院会议与股东特别大会上高票通 过。这家拥有93年历史、上市53年的香港本土银行巨头，正式步入退市倒计时。 从2025年下半年私有化传闻初现，到2026年初方案落地，一系列关键事件的推进，让这场千亿级金融整 合成为必然。这也意味着恒生银行将于2026年1月14日收市后从恒生指数、恒生综合指数等共41个指数 及子指数当中剔除，相关调整自2026年1月15日起生效，此后恒生指数将再无恒生银行。 从控股62%到豪掷千亿，汇丰为何必须"完全拥有"恒生？ 恒生银行的私有化进程并非一蹴而就，而是经历了从传闻泄露、正式提案到逐步推进的完整过程，每一 个关键节点的事件都推动着私有化向最终结果靠近，形成了不可逆转的趋势。 2025年9月初，汇丰控股已向恒生银行董事会提出私有化要约，双方启动内部谈判。汇丰内部将此次交 易谈判代号定为"珍珠"，恒生银行高管则以"紫荆花"为代号掩饰沟通，相关投行团队（汇丰方为高盛、 美国银行，恒生方为摩根士丹利）在中秋假期仍加班推进，期间汇丰曾三次改进报价以促成交易。这一 阶段的内部博弈，为后续方案的正式出台奠定了基础。 2025年1 ...

Core Insights - The Hong Kong Monetary Authority (HKMA) is set to launch a Financial Technology 2030 strategy focusing on four strategic pillars: data, artificial intelligence, resilience, and tokenization [1][2][3] Group 1: Artificial Intelligence - Over 75% of banks have deployed or piloted AI solutions in areas such as risk management, credit assessment, and customer interaction [1] - The focus is on ensuring that AI transformation aligns with public interest, economic development, and is built on trust, transparency, and security [1] - Collaboration with innovators across financial sectors will be emphasized to advance impactful AI use cases and create shared financial AI infrastructure [1] Group 2: Tokenization - The Ensemble project sandbox is moving to the next pilot phase, allowing the use of digital assets and tokenized deposits for actual value transactions [2] - The initial focus will be on tokenizing money market funds, with collaboration among regulatory bodies to incubate mature real-value use cases [2] - The Ensemble project was launched in August 2022 to support tokenized asset interbank settlements using central bank digital currency (wCBDC) [2] Group 3: Resilience - Exploration of high-performance computing is underway to enhance financial modeling and real-time risk assessment capabilities [3] Group 4: Data - Plans to expand the availability of commercial data sets, including government gold source data, and to develop more data analytics capabilities in collaboration with the industry [3] - Efforts will be made to build a connected and trustworthy cross-border data ecosystem through initiatives like cross-border credit information sharing [3]

Core Insights - The Hong Kong Monetary Authority (HKMA) is focusing on a financial technology strategy called DART, which stands for Data, Artificial Intelligence, Resilience, and Tokenization, aiming to lead Hong Kong into the era of FinTech 3.0 [1] Group 1: AI Implementation - Over three-quarters of banks have deployed or are trialing AI solutions, covering areas such as risk management, credit assessment, and customer interaction [1] - The authorities are advancing high-impact AI application scenarios through an upgraded generative AI sandbox [1] Group 2: Tokenization Initiatives - Tokenization remains a key priority for the authorities, with Project Ensemble exploring broader financial applications to connect local industries with global partners [1] - The next phase of the Ensemble pilot will allow for real-value transactions using tokenized deposits and digital assets [1] Group 3: Data Expansion - The HKMA plans to expand the availability of commercial data sets, including government gold source data, and collaborate with the industry to develop more data analytics capabilities and practical application scenarios [1] - Cross-border credit information sharing is being enhanced to build a connected and trustworthy cross-border data ecosystem [1] Group 4: Resilience of Financial Infrastructure - The authorities are strengthening the resilience of core financial market infrastructures, with platforms like Faster Payment System set to expand their coverage and capabilities [1]