Xu Zhengyu: Hong Kong will continue to promote the application of tokenization technology in the capital market

Odaily Planet Daily News: Hong Kong Secretary for Financial Services and the Treasury, Eddie Hui, stated in a speech at the Legislative Council that he will submit a bill to regulate the issuers of fiat stablecoins to the Legislative Council within this year. In terms of the application of artificial intelligence in the financial market, he issued a policy statement last month to clarify the government's policy stance and direction, promote the responsible application of artificial intelligence in the financial services industry, and accelerate the cultivation of new quality productivity according to local conditions. In addition, we will continue to promote the wider application of tokenization technology in the capital market in different directions, optimize various aspects of the mBridge project platform, and further expand the participation of public and private institutions. We will also continue to develop and improve tokenization market related systems and industry standards through the Ensemble project. (Hong Kong Government Press Release)