How Hong Kong’s fintech strategy is progressing – and where growth still lags

Tokenisation, for instance, had moved from the sandbox “into the real world”, said Eddie Yue Wai-man, chief executive of the Hong Kong Monetary Authority (HKMA), at the city’s annual FinTech Week conference on Monday.

Hong Kong had authorised 17 tokenised public funds and bonds, with a combined volume of US$1.3 billion, up 34 per cent from a year earlier, Securities and Futures Commission CEO Julia Leung Fung-yee said at the event.