Xu Zhengyu: Hong Kong's "tokenization" is moving toward the implementation stage, and the financial ecosystem is becoming more complete.

Zhitong Finance APP has learned that Christopher Hui, Secretary for Financial Services and the Treasury of Hong Kong, pointed out that Hong Kong's "tokenization" progress is moving from the "experimental stage" to the "implementation stage." He noted that Hong Kong currently gathers more than 1,400 fintech companies, including 8 virtual banks, 4 virtual insurance companies, and 12 licensed virtual asset trading platforms, and has achieved outstanding results in advancing "tokenization."