Hong Kong Treasury Bureau: Studying the legal regulatory framework for the issuance and trading of tokenized bonds.

On December 18th, the "Web5 Ecosystem" summit was held in Hong Kong, organized by Fosun Wealth Holdings and Starpath Technology. In the meeting, Hong Kong Financial Services and Treasury Bureau Deputy Director Chen Haolian stated that government departments are studying the legal regulatory system for tokenized bond issuance and trading, exploring measures to optimize and promote the adoption of tokenization technology in the Hong Kong bond market to enrich the variety of products in the field of tokenization and digital assets in Hong Kong. In addition, the Hong Kong Monetary Authority is implementing digital currency projects, including promoting commercial banks to launch tokenized deposits and facilitating the trading of real tokenized assets. Starpath Technology is the first platform in Hong Kong to support the distribution of multilingual tokenized funds, and Fosun Wealth Holdings CEO and Starpath Technology Chairman Cheng Kang stated that the current managed assets under their company's management are close to HK$30 billion.