Hong Kong Monetary Authority: Promote the tokenization of physical assets in 2-5 years, and improve the token issuance and trading system in 5-10 years

The Hong Kong Financial Development Council released a conceptual report titled "The Path to Hong Kong's Capital Market Leadership: Super Connectors - A Global Capital Hub in the Digital Age," which proposes a strategic framework. The various initiatives follow a clear timeline, providing a pragmatic and executable implementation path to systematically expand tokenized assets, including: a mid-term direction within 2-5 years to develop tools for tokenized physical assets, and a long-term vision over 5-10 years to gradually enhance support for tokenized issuance and post-trade operations, while promoting the coordination and unification of data and compliance standards on a larger scale to further improve trading efficiency and market transparency.

At the same time, it will accelerate the development of digital financial infrastructure, including tokenization platforms, smart contract applications, and near-instant settlement systems, making Hong Kong a pioneer and demonstrator of next-generation capital market solutions.