Select Language:
Hong Kong’s government has rolled out a five-year plan to develop its financial technology industry, aiming to strengthen the city’s position as a global hub for digital finance while supporting mainland Chinese companies in expanding internationally.
At Hong Kong FinTech Week and the StartmeupHK Festival 2025, the Chief Executive highlighted efforts to boost the blockchain sector by encouraging the tokenization of bond issuance to improve market efficiency.
Two main priorities in the city’s Fintech 2030 strategy are asset tokenization and infrastructure enhancement. The Hong Kong Monetary Authority’s head explained these efforts focus on digitizing real-world assets, including financial instruments like government bonds issued in tokenized form. Additionally, a comprehensive data and infrastructure framework will be developed to facilitate cross-border payments, opening doors for corporate credit, trade financing, and tailored financial services for residents.
The authority also plans to strengthen cybersecurity by establishing new authentication standards and early-warning systems, as well as preparing for post-quantum cryptography to maintain financial stability.
The official emphasized that artificial intelligence will inevitably transform finance, shifting the conversation towards ensuring this shift aligns with public interests and economic growth, all rooted in trust, openness, and security.
Furthermore, the ongoing Project Ensemble Sandbox, launched last summer, is set to move into a new pilot phase, allowing real-world transactions involving digital assets and tokenized deposits. The initial focus will be on tokenized money market funds, with collaboration from other regulators to develop mature use cases.
The government is also committed to helping mainland Chinese companies leverage Hong Kong as a launchpad for overseas expansion. Efforts include facilitating interdepartmental cooperation to tap into international markets and global capital sources.
Support will be extended to mainland tech firms seeking funding in Hong Kong, encouraging foreign companies to pursue secondary listings here, and welcoming Chinese businesses already listed abroad to return.
ChatGPT
Perplexity
Gemini AI
Grok AI
