Secretary for Financial Services and the Treasury of Hong Kong: Hong Kong will promote the standardization of RWA and increase gold storage capacity The Secretary for Financial Services and the Treasury of the Hong Kong Special Administrative Region, Xu Zhengyu, stated that Hong Kong will leverage the advantages of "one country, two systems" to create a national "international asset safe deposit box" and serve the strategy of building a strong financial country. He emphasized that the development of financial technology aims to "empower the real economy" and explore the application of asset tokenization in scenarios such as international shipping leasing and enterprise fund management. Hong Kong has passed relevant laws and plans to issue stablecoin licenses next year. The initial number of licenses will be limited, with a focus on addressing pain points in the real economy such as cross-border payments. Hong Kong will promote the transition of the settlement cycle of the Hong Kong stock market from T+2 to T+1, and plan to optimize the "same stock, different rights" system. In the next three years, Hong Kong plans to increase its gold storage capacity to 2000 tons and launch a central gold settlement system next year. At the same time, it will cooperate with the Shanghai Gold Exchange to enhance China's pricing influence in the global gold market. In addition, Hong Kong plans to submit a bill to the Legislative Council next year to expand tax exemptions to emerging product categories such as digital assets, private credit, and carbon credit.