Hong Kong's Secretary for Financial Services and the Treasury: Hong Kong will establish a national "International Asset Vault" and promote the normalization of RWA (Recovery of Assets).

According to Odaily Planet Daily, Christopher Hui, Secretary for Financial Services and the Treasury of the Hong Kong Special Administrative Region, systematically elaborated on Hong Kong's strategic layout in financial technology, asset management and commodity markets in an exclusive interview. The aim is to leverage the advantages of "one country, two systems" to create a national "international asset safe deposit box" and serve the strategy of building a financial powerhouse.

Christopher Hui emphasized that the goal of developing FinTech is to "empower the real economy," not to engage in speculation. He cited Tokenization (RWA) as an example, pointing out that Hong Kong is exploring its application in real economy scenarios such as international shipping leasing and corporate fund management, and mentioned that the successful issuance of the SAR government's third batch of digital green bonds is an important step towards normalization.

Hong Kong has passed relevant laws with the goal of issuing stablecoin licenses starting next year. However, the initial number of licenses will be very limited, and regulators will be cautious, clarifying that stablecoins are intended to address pain points in the real economy, such as cross-border payments, rather than being speculative tools.

Hong Kong will push for a transition from T+2 to T+1 settlement for its stock market, with a consultation document planned for release next year to outline the timeline. Furthermore, it will seek to optimize the weighted voting rights system, striking a balance between aligning with international standards and protecting minority investors.

Hong Kong plans to increase its gold storage capacity to 2,000 tons within three years and is preparing to launch a central gold clearing system next year. At the same time, Hong Kong is actively promoting cooperation with the Shanghai Gold Exchange to enhance China's pricing influence in the global gold market through a powerful alliance between the two cities.

Hong Kong is actively attracting family offices and 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 credits, in order to better "catch" global funds.