[Hong Kong FSDC: Promote Tokenization of Physical Assets in 2-5 Years, Enhance Tokenized Issuance and Trading Systems in 5-10 Years] According to a report by Jinse Finance, the Hong Kong Financial Services Development Council (FSDC) has released a conceptual report titled *'The Road to Leadership in Hong Kong's Capital Markets: Super Connector - A Global Capital Hub in the Digital Era'*. The report proposes a strategic framework with initiatives planned along a clear timeline, providing practical and executable implementation paths to systematically expand tokenized assets. The medium-term direction (2-5 years) will focus on developing tokenized physical assets and related tools. The long-term vision (5-10 years) aims to gradually enhance the capabilities supporting tokenized issuance and post-trade operations, while promoting greater coordination and unification of data and compliance standards on a larger scale to further improve trading efficiency and market transparency. Additionally, the report outlines plans to accelerate the development of digital financial infrastructure, including tokenization platforms, smart contract applications, and near-instant settlement systems, positioning Hong Kong as a pioneer and model for next-generation capital market solutions.