Hong Kong Deputy Financial Secretary Michael Wong Wai-lun: RWA tokenization brings new opportunities, and Hong Kong is preparing for the third batch of tokenized green bonds

On September 26 (UTC 8), Hong Kong's Deputy Financial Secretary, Michael Wong Wai-lun, delivered a speech at the 17th Hong Kong Bankers Summit, noting that the tokenization of real-world assets (RWAs)—particularly the digitization of bonds and other financial instruments—is presenting significant opportunities for Hong Kong's financial markets.

He noted that the Hong Kong government has successfully issued several tranches of tokenized green bonds over the past two years and is actively advancing preparations for the third tranche, demonstrating Hong Kong's continued leadership in fintech innovation and application.

Wong further mentioned that the Securities and Futures Commission (SFC) and the Hong Kong Monetary Authority recently jointly released the "Fixed Income and Money Market Development Roadmap," which aims to consolidate Hong Kong's position as a leading international fixed income and money market hub and continuously enhance Hong Kong's international competitiveness through institutional optimization and market infrastructure upgrades.

He also revealed that over five percent of the upcoming Policy Address will be devoted to Hong Kong's future development strategy as a leading global international financial center.

These initiatives demonstrate the SAR Government's proactive and forward-looking approach to governance, striving to create a more open and innovative development environment for the financial industry at the policy level.

Wong Wai-lun emphasized that Hong Kong has performed well in several international financial center rankings in recent years, meeting expectations. However, Hong Kong will never become complacent.

Going forward, the SAR will continue to deepen and internationalize its financial markets, striving to build Hong Kong into an international financial center with more comprehensive functions, more efficient services, and a more comprehensive system.