Hong Kong Urged To Enhance Tokenized Securities Framework

According to PANews, Zhu Haokang, Head of Digital Asset Management and Family Wealth Management at China Asset Management (Hong Kong), suggested measures to encourage mainland enterprises with investment and financing needs to raise funds in the Web3.0 industry through Hong Kong's compliant tokenized securities laws and virtual asset trading platforms. Zhu emphasized that Hong Kong should leverage its status as an international financial center to actively improve the legal and regulatory framework for tokenized securities. Additionally, professional institutions in Hong Kong could offer legal and financial advisory services on Hong Kong's Real World Asset (RWA) tokenization to mainland companies, assisting them in understanding the issuance and trading processes of tokenized securities. Furthermore, Zhu highlighted the necessity for Hong Kong to establish a comprehensive investor protection mechanism to ensure the effective safeguarding of investor rights.