Hong Kong will promote capital markets to utilize tokenization technology

PANews February 21st news, according to Hong Kong media Ming Pao, Hong Kong Deputy Director of Finance Wong Wai-lun said that the Hong Kong government will further improve the supervision and framework of virtual assets, continue to promote the wider application of tokenization technology in the capital market, improve relevant system development and Establish industry standards. In addition, Hong Kong is active and proactive in the development of financial technology. For example, in October last year, it issued the "Policy Declaration on the Responsible Application of Artificial Intelligence in the Financial Market" and in December last year, it regulated fiat currency stablecoin issuers and submitted the "Stablecoin Ordinance". draft".