Hong Kong released the "Hong Kong Digital Asset Development Policy Declaration 2.0"

[Hong Kong Releases “Hong Kong Digital Asset Development Policy Declaration 2.0”] Hong Kong today released the “Hong Kong Digital Asset Development Policy Declaration 2.0” (“Policy Declaration 2.0”), reaffirming the government’s commitment to making Hong Kong a global innovation center in the digital asset space. The “Policy Declaration 2.0” outlines the government’s vision to build a trusted and innovation-focused digital asset ecosystem, prioritizing risk management and investor protection, while also aiming to bring tangible benefits to the real economy and financial markets. The new policy declaration focuses on: optimizing legal and regulatory frameworks, expanding the variety of tokenized products, promoting application scenarios and cross-sector collaboration, and developing talent and partnerships. The Financial Secretary, Paul Chan, stated that the “Policy Declaration 2.0” demonstrates our vision for the development of digital assets and showcases the practical application of tokenization through practice, promoting the diversification of application scenarios. By combining prudent regulation with encouragement of market innovation, we aim to build a more vibrant digital asset ecosystem that integrates with the real economy and social life, bringing benefits to the economy and society while consolidating Hong Kong’s leading position as an international financial center.