Hong Kong's Financial Services and Treasury Bureau is actively studying the legal and regulatory framework for the issuance and trading of tokenized bonds. At the "Web5 Ecosystem" Summit held on December 18, Under Secretary Chan Ho-lim highlighted efforts to optimize these frameworks and promote tokenization technology within the bond market. This initiative aims to diversify Hong Kong's tokenized and digital asset offerings. Additionally, the Hong Kong Monetary Authority is advancing a digital currency project, encouraging commercial banks to introduce tokenized deposits and facilitating the trading of real tokenized assets. These steps are part of a broader strategy to enhance Hong Kong's position in the digital finance sector.