Hong Kong is promoting the issuance of green bonds in Token form and expanding the application of Tokenization technology to various real assets.
Hong Kong Financial Secretary Paul Chan announced that the government will standardize the issuance of Token government bonds and encourage the Tokenization of real assets, while exempting taxes on Token ETF transactions to promote the application of new technologies.
MAIN CONTENT
Hong Kong has issued two batches of Token green bonds in 2023 and 2024, preparing for the third batch.
The government will legalize the issuance of Token government bonds and create tax incentives for Token ETFs.
Tokenization technology will be expanded to apply to many real assets, including precious metals, non-ferrous metals, and renewable energy.
How has Hong Kong implemented the issuance of Token green bonds?
Hong Kong Financial Secretary Paul Chan confirmed that two issuances of Token green bonds were conducted in 2023 and 2024, demonstrating a commitment to applying Blockchain technology to green finance.
This issuance not only marks a step forward in creating a digital bond market but also strengthens Hong Kong's position in the digital finance sector. According to an official report from Wen Wei Po, the issuance was closely monitored to ensure transparency and efficiency for investors.
Why does the Hong Kong government want to legalize the issuance of Token bonds?
According to Mr. Paul Chan's statement at the 2025 Digital Finance Awards, the legalization of Token bond issuance aims to bring this form into the official process, protect investor rights, and promote the development of Tokenization technology in the financial market.
We are committed to making Token bond issuance a standard method of issuance while providing incentives for digital asset products to promote comprehensive development for the digital finance sector.
Paul Chan, Financial Secretary of Hong Kong, July 2024
The government will also exempt the application of transfer taxes on Token ETFs during transfers, which facilitates investors' participation in the digital asset market.
What types of assets is Tokenization being applied to in Hong Kong?
Hong Kong is expanding the application of Tokenization technology to various assets such as precious metals, non-ferrous metals, and renewable energy, for example, solar panels. This enhances liquidity and transparency for traditional assets.
From the perspective of a financial technology expert, Tokenization helps reduce transaction costs and increase transaction speed, improving asset management efficiency in new fields.
What impact do green bond Tokenization and real assets have on the financial market?
According to the assessment from Hong Kong's 2024 financial report, Tokenization helps diversify investment forms, attract capital from global investors, and support sustainable development goals through green bonds. This is an important step in combining traditional finance with blockchain technology.
The issuance of Token green bonds not only meets the requirements for sustainable finance but also demonstrates the potential for effective integration between technology and economic-social development goals.
Tsang Kin Fai, financial and blockchain expert, 2024
Frequently Asked Questions
What is Tokenization applied to in Hong Kong? Currently focused on green bonds, Token ETFs, and real assets such as precious metals, non-ferrous metals, and renewable energy. What incentives are provided for Tokenization? Hong Kong exempts transfer taxes for Token ETFs, facilitating the legal framework for the issuance of Token bonds. Is the issuance of Token bonds safe? Issuance is closely monitored by the government to ensure transparency and protect investors. Does Tokenization help enhance asset liquidity? This technology helps improve trading efficiency and liquidity for both traditional and digital assets. What does the future of Tokenization in Hong Kong look like? Hong Kong is committed to legalizing the issuance of Token bonds, expanding applications for a variety of assets to develop sustainable digital finance.
Source: https://tintucbitcoin.com/token-bonds-hk-phat-hanh-trai-phieu-3/
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