According to CoinMeta, Hong Kong Financial Services and Treasury Secretary John Tsang said at the press conference on the first five-year plan and financial development measures in the 2026 policy address that digital assets and fintech are new growth engines for Hong Kong. Digital bonds issued in Hong Kong account for about 50% of the global market share. Hong Kong will pilot the tokenization of Exchange Fund bills by the end of 2026, and Clearing House (CMU) will establish a digital asset platform within this year. In terms of regulation and market development, Hong Kong will improve the licensing system for virtual assets and the regulatory framework for tokenized investment products, promote the trading of regulated stablecoins on licensed platforms, and encourage the expansion of compliant stablecoin use cases.