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Hong Kong Secretary for Financial Services and the Treasury: Hong Kong will build a national "international asset vault" to promote the regularization of RWA.
Odaily News Hong Kong Special Administrative Region Financial Services and the Treasury Secretary Hui Zhengyu elaborated in an exclusive interview on Hong Kong's strategic layout in financial technology, asset management, and commodity markets, aiming to leverage the advantages of "one country, two systems" to create the country’s "international asset custody box" and support the strategy for a strong financial nation. Hui emphasized that the goal of developing financial technology (FinTech) is to "empower the real economy," rather than speculative trading. He cited asset tokenization (Tokenization/RWA) as an example, pointing out that Hong Kong is exploring its application in real economic scenarios such as international shipping leasing and corporate fund management, and mentioned that the successful issuance of the third batch of digital green bonds by the SAR government is an important step towards normalization. Hong Kong has enacted relevant laws, with the goal of starting the issuance of stablecoin licenses next year, but the initial number of licenses will be very limited, and regulation will be prudent, clearly stating that stablecoins are aimed at addressing pain points in the real economy such as cross-border payments.

