Hong Kong’s Financial Secretary Chen Maobo said that the government would issue tokenized green bonds for institutional investors. It is also working on some aspects of a regulatory framework.
Local media outlets in Hong Kong report that the government plans to issue tokenized green bonds for institutional investors. Several officials spoke on the upcoming plans related to technology, digital assets, and the economy, among which was a focus on these green bonds.
Hong Kong Financial Secretary Chen Maobo said that the government was working on multiple pilot projects related to cryptocurrencies. One of these was that the government would issue tokenized green bonds that institutional investors could subscribe to. It’s another step forward for the region, which has focused heavily on pilot testing decentralized technology.
Chen Haolian, Deputy Secretary for Financial Affairs and the Treasury, also said that the Securities Regulatory Commission is working on regulating the asset class. Specifically, it is currently deliberating rules for exchanges and public consultations to inform its decisions.
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