HK media: Hong Kong is studying the promotion of data trading ecosystem and attaching importance to the tokenization of real-world assets

Odaily Planet Daily News Hong Kong Chief Executive Li Ka-chiu mentioned in the policy address that he wants to promote the integrated development of the digital economy and the real economy. Li Ka-chiu emphasized that accelerating the development of the digital economy can speed up the digital transformation of industries, strengthen digital infrastructure construction, and the government is studying the promotion of data trading ecology. It is also exploring convenient arrangements for cross-border data flow in the Greater Bay Area as a pilot. Hong Kong Monetary Authority Chief Executive Eddie Yue responded yesterday that the role of financial technology in maintaining Hong Kong's global financial leadership position cannot be ignored, and he is encouraged by the SAR Government's commitment to fully promote the digital economy. The policy address mentioned support for the development of innovative Financial Service, virtual assets, and cross-border data schemes, believing that it can address the increasingly digitized global financial needs. At the same time, 'The government's emphasis on the tokenization of real-world assets aligns with the HKMA's blockchain initiatives, further strengthening Hong Kong's leadership position in financial technology innovation.' (Hong Kong Wen Wei Po)