TechFlow news, on June 26, National Committee member of the Chinese People's Political Consultative Conference and Hong Kong Legislative Council member Ng Kit-kwong commented on the "Hong Kong Digital Assets Development Policy Declaration 2.0," highlighting six key highlights: first, Hong Kong clearly adopts the term "digital assets" instead of "virtual assets" to align with international standards; second, the policy objectives are clear, balancing innovation and risk management to attract high-quality global institutions; third, it clarifies regulatory division of responsibilities between the Securities and Futures Commission and the Monetary Authority to avoid functional overlap; fourth, the government will submit legislative proposals for tax incentives on digital assets and promote regular issuance of tokenized government bonds; fifth, plans to include tokenized ETFs in stamp duty exemptions to reduce industry costs; sixth, Cyberport will launch a blockchain and digital asset pilot funding program to improve the ecosystem. Ng Kit-kwong expects Hong Kong to become a benchmark for compliant digital asset innovation in Asia within 3–5 years.
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