他指出，在新一份《施政报告》中有超过5%内容，是与香港作为领先国际金融中心的未来有关。施政 报告提出的措施反映政府不会固步自封。 智通财经APP获悉，9月26日，香港财政司副司长黄伟纶在第17届香港银行家峰会上表示，债券及其他 金融工具等现实世界资产(RWA)代币化，为香港带来新机会。政府过去两年发行代币化绿色债券，目前 正在筹备第3批债券的工作。 他表示，很高兴香港的国际排名达到应有水平，认为香港不会停滞不前，将会继续努力，令香港成为更 完善的国际金融中心。 黄伟纶指，香港证监会和香港金管局联合公布《固定收益及货币市场发展路线图》，巩固香港作为主要 固定收益和货币中心的地位，确保香港继续保持竞争力。 ...

新华财经北京9月25日电（王菁）在国际金融格局深刻变革的背景下，香港正以创新姿态擘画固收市场 发展新篇章。9月25日，香港证券及期货事务监察委员会与香港金融管理局联合发布《固定收益及货币 市场发展路线图》（以下简称《路线图》），为债券市场高质量对外开放标记重要注脚。 《路线图》围绕四大支柱提出关键措施：促进一级市场发行、增强二级市场流动性、拓展离岸人民币业 务及构建新一代市场基础设施，并包含十项具体倡议，旨在通过促进需求、流动性和创新，策略性定位 香港成为全球固定收益及货币中心。 业内人士表示，这是香港巩固国际金融中心地位的关键举措，未来将显著提升香港在全球固定收益市场 的竞争力和影响力，同时为人民币国际化提供新的动力。 跨境互联互通深化发展四大支柱构建新生态系统 《路线图》的制定经历了深入业界的漫长过程，成为香港证监会与香港金管局未来数年制订和推行相关 政策工作的总图。香港证监会主席黄天祐指出，这份《路线图》将引领市场迈步向前，为发行人、投资 者及中介机构带来长远裨益。 香港金管局总裁余伟文在当日论坛上强调，为发展香港成为全球固定收益及货币中心，以及进一步巩固 香港作为领先离岸人民币业务枢纽的地位，"我们将 ...

Group 1 - Tokenization is a global fintech trend that is significantly changing the operation of financial markets, with Hong Kong establishing a leading position in this field [1] - The global asset management scale of tokenized funds has surpassed $2 billion and is expected to reach $600 billion by 2030, representing about 1% of the global mutual fund and ETF market [1] - The Hong Kong government has implemented a clear regulatory framework for stablecoin issuers with the stablecoin bill effective from August 1, 2023, and is currently conducting public consultations for digital asset service providers [1] Group 2 - In February 2023, Hong Kong issued the world's first tokenized green bond worth HKD 800 million, utilizing blockchain for payment settlement, reinforcing its leadership in green finance and tokenization [2] - The first retail tokenized money market fund in the Asia-Pacific region was launched, lowering investment barriers and facilitating investor participation in digital asset management [2] - The government plans to regularly issue tokenized government bonds, provide stamp duty exemptions for tokenized ETFs, and explore tokenization applications for various assets like precious metals and renewable energy [2]

Core Viewpoint - The Hong Kong government is actively working to expand new economic growth points while consolidating traditional industries, aiming to enhance Hong Kong's competitiveness and international influence as a "super connector" and "super value creator" [1][2]. Group 1: International Cooperation and Market Expansion - The government emphasizes the importance of deepening international cooperation, leveraging Hong Kong's unique position to connect mainland China with global markets, and expanding into emerging markets in the Global South [1][3]. - Efforts include strengthening regional cooperation with ASEAN, the Middle East, and countries along the Belt and Road Initiative, with specific agreements already signed or in negotiation with Bahrain, Qatar, and others [2][3]. Group 2: High-Value Supply Chain Development - A high-value supply chain service mechanism has been established to attract mainland enterprises to set up international or regional headquarters in Hong Kong, facilitating their global supply chain management [3][4]. Group 3: Industry-Specific Initiatives - The government is focusing on various industries, including: - **Innovation and Technology**: Promoting sectors like health tech, AI, and advanced manufacturing through targeted measures [4][5]. - **Space Economy**: Supporting research and development in space-related technologies and simplifying licensing for low Earth orbit satellite operations [4][5]. - **Low-Altitude Economy**: Developing a smart low-altitude economic ecosystem and expanding regulations for drone technology [5][6]. - **Halal Industry**: Enhancing Hong Kong's competitiveness in the halal market through legislative changes and promotional activities [6][7]. - **Professional Certification Services**: Expanding certification services into new fields such as green finance and ESG [6][7]. - **Financial Innovation**: Implementing a licensing system for digital asset trading platforms and stablecoins to foster sustainable growth in the digital asset sector [6][7]. - **Green Industry**: Supporting local green technology development and promoting Hong Kong as a center for sustainable finance [7][8]. - **Cultural and Creative Industries**: Developing a creative ecosystem and supporting industry-specific projects to enhance Hong Kong's status as a creative hub [7][8]. - **Sports Industry**: Noting a steady growth in the sports sector, with a reported increase in value added from sports activities [8][9]. Conclusion - The government is committed to collaborating across various policy areas to create a conducive environment for economic development, welcoming suggestions from legislators to enhance these initiatives [9].

Group 1 - The Hong Kong government is expanding the rapid licensing process for digital asset trading platforms to all new applicants, aiming to facilitate diverse operators in the market [1][2] - As of early July 2025, the Securities and Futures Commission (SFC) has issued licenses to 11 digital asset trading platforms and is processing nine additional applications [1] - The SFC is continuously reviewing and optimizing the licensing process to help applicants better understand regulatory expectations and reduce evaluation time [1] Group 2 - Starting January 2025, the rapid licensing process will require digital asset trading platform applicants to establish internal policies and undergo external evaluations, with the SFC overseeing the process [2] - Regulatory sandboxes are being established by various financial authorities to encourage fintech innovation, allowing for the testing of tokenization and blockchain applications in a controlled environment [2] - The government has issued tokenized green bonds in 2023 and 2024, showcasing the benefits of tokenization, with plans to normalize such issuances in the 2025-26 budget [2] Group 3 - The SFC has recognized the first tokenized investment product available for retail investors in Hong Kong, allowing partial ownership of physical gold [3] - In the first quarter of 2025, the SFC approved the first three tokenized money market funds for retail investors in the Asia-Pacific region, with total managed assets exceeding 700 million HKD by the end of March 2025 [3] - The Hong Kong Monetary Authority (HKMA) is actively promoting innovative applications, including the tokenization of traditional financial products and real-world assets, and is exploring the establishment of a unified technological infrastructure for interbank tokenized deposits [3]

Core Viewpoint - Hong Kong is actively promoting the development of digital assets, establishing a regulatory framework that balances risk management and investor protection, aiming to position itself as a leading digital asset center in Asia [1][2][7] Regulatory Framework - The Hong Kong government has implemented a licensing system for stablecoin issuers, which will take effect next month, enhancing the regulatory environment for digital assets [1][2] - A comprehensive regulatory framework for digital asset service providers is being developed, covering trading platforms, stablecoin issuers, and custodians [3][4] Tokenization and Product Expansion - The government has issued tokenized green bonds and plans to regularize the issuance of tokenized government bonds, providing incentives for the tokenization of real-world assets [4] - The framework aims to expand the variety of tokenized products, including potential exemptions from stamp duty for tokenized ETFs [4] Use Cases and Collaboration - The stablecoin licensing system is expected to facilitate practical applications and address challenges faced by the real economy [5] - Hong Kong is leading discussions on the use of stablecoins as a cost-effective alternative in financial markets, with a focus on enhancing their stability and reliability [5] AI Integration - Hong Kong's financial institutions have the highest usage rate of generative AI (38%) among global markets, indicating a strong trend towards AI integration in financial services [6] - The "LEAP" framework includes a focus on talent and partnership development to foster AI expertise and collaboration between industry and academia [6][7] Support for Startups - The Digital Port has launched a pilot funding scheme for blockchain and digital asset startups, providing financial support to encourage innovative solutions that integrate with the real economy [7]

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].