TechFlow news, September 17 — According to Jinshi Data, Hong Kong Chief Executive John Lee announced in his fourth policy address that the Hong Kong Monetary Authority will promote commercial banks to launch tokenized deposits and advance trading of real tokenized assets. This includes using tokenized deposits to settle tokenized money market funds, assisting the government in regularizing tokenized bond issuance, and encouraging banks to enhance risk management through regulatory sandboxes.
John Lee stated that Hong Kong is implementing a regulatory regime for stablecoin issuers and formulating legislative proposals for licensing digital asset trading and custody services. The Securities and Futures Commission (SFC) is studying how to expand the range of digital asset products and services available to professional investors while fully protecting investor interests, as well as strengthening international tax cooperation to combat cross-border tax evasion.
