On the 26th, the Hong Kong Special Administrative Region government issued the "Hong Kong Digital Asset Development Policy Declaration 2.0", reaffirming the government's commitment to building Hong Kong into a global innovation center in the field of digital assets. The declaration clarifies the vision of the SAR government to build a trustworthy and innovative digital asset ecosystem, prioritizing risk management and investor protection, while striving to bring substantial benefits to the real economy and financial markets. The declaration proposes the "LEAP" framework, which focuses on four aspects: optimizing laws and regulations, expanding the types of tokenized products, promoting application scenarios and cross-border cooperation, and developing talents and partners. The Financial Secretary of the Special Administrative Region Government, Paul Chan, stated that digital assets are an important and highly promising part of financial technology. Through blockchain technology, they empower more efficient and low-cost financial transactions, making financial services more inclusive and inclusive. The declaration demonstrates the substantive application of tokenization through practice and promotes the diversification of application scenarios. By combining prudent regulation and encouraging market innovation, we aim to build a more vibrant digital asset ecosystem that is integrated with the real economy and social life, bringing benefits to the economy and society, while consolidating Hong Kong's leading position as an international financial center. The Secretary for Financial Services and the Treasury of the Special Administrative Region Government, Mr. Hui Cheng yu, stated that Hong Kong's unique advantages have taken the lead in promoting traditional finance into the era of digital assets. The declaration enables Hong Kong to stand at the forefront of digital transformation, providing a clear roadmap for businesses and investors to strategize in the robust and thriving digital asset market. (New Society)
Edit:He Chuanning Responsible editor:Su Suiyue
Source:Xinhua
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