Chan Ho-lim: The Hong Kong Securities and Futures Commission is studying rules for secondary market trading of tokenized products, with the goal of announcing policy details in the first half of 2026.

CoinFeed reported on April 20th that at the opening ceremony of the 2026 Hong Kong Web3 Carnival, Hong Kong's Under Secretary for Financial Services and the Treasury, Chan Ho-lim, stated that Hong Kong has developed into a leading international financial center in Asia, ranking third globally and first in Asia in the Global Financial Centres Index, and continuing to lead the world in fintech. Hong Kong currently has over 10 licensed trading platforms, and the Hong Kong Monetary Authority issued the first two stablecoin issuer licenses this month. Hong Kong is actively working with the Securities and Futures Commission to develop a regulatory framework for digital asset trading service providers and custody service providers, aiming to submit a bill to the Legislative Council in 2026. Chan Ho-lim introduced the "LEAP" framework for Hong Kong's Web3 development: optimizing laws and regulations, expanding the types of tokenized products, promoting application scenarios and cross-sectoral cooperation, and talent and partner development.