Hong Kong media: Hong Kong is studying how to promote the data trading ecosystem and pay attention to the tokenization of real-world assets

Hong Kong Chief Executive John Lee mentioned in his policy address yesterday that he would promote the integrated development of the digital economy and the real economy. John Lee stressed that accelerating the development of the digital economy can accelerate the digital transformation of the industry and strengthen digital infrastructure. The government is studying the promotion of the data trading ecosystem and exploring the arrangement of convenient cross-border data flow with the Greater Bay Area as a pilot. Hong Kong Financial Services Authority Chief Executive Officer Au King-lun responded yesterday that the role of financial technology in maintaining Hong Kong's leading position in global finance cannot be ignored, and he is encouraged by the SAR government's commitment to comprehensively promoting the digital economy. The policy address mentioned supporting the development of innovative financial services, virtual assets and cross-border data solutions, and believed that it could meet the increasingly digital global financial needs. At the same time, "the government's emphasis on the tokenization of real-world assets is consistent with the Financial Services Authority's blockchain application initiative, further strengthening Hong Kong's leadership in financial technology innovation." (Hong Kong Wen Wei Po)