Hong Kong's Secretary for Financial Services and the Treasury, Christopher Hui, emphasized the role of gold as a bridge between traditional and digital finance. Speaking to the South China Morning Post, Hui highlighted the need for Hong Kong to expand development opportunities in the digital assets market to ensure sustainable growth.
Hui pointed out the convergence of traditional and innovative finance, noting that Hong Kong has decided against creating a separate regulatory body for digital assets. He mentioned the availability of gold ETFs and blockchain-based tokenized gold products, referencing the recent launch of Hong Kong's first tokenized, non-listed Hang Seng Gold ETF by HSBC and Hang Seng Investment on HashKey Exchange.
Hong Kong FSTB Chief Advocates Gold as Bridge Between Traditional and Digital Finance
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