[Hong Kong SFC CEO Julia Leung on Tokenization Development and Market Upgrades] On March 5, Julia Leung, CEO of the Hong Kong Securities and Futures Commission (SFC), stated at the 2026 EU-Asia Financial Services Dialogue organized by the Asia Securities Industry & Financial Markets Association that Hong Kong needs to thoroughly upgrade its market infrastructure, particularly in the areas of financial product fractionalization, clearing, and settlement. She pointed out that distributed ledger technology and the development of tokenization can support a wide range of investment products such as bonds, funds, and gold. The growth of the tokenization ecosystem requires the integration of related innovative projects to combine the confidence of traditional finance with the efficiency of decentralized finance. Leung also revealed that the Hong Kong SFC is co-leading an Asia-Pacific committee working group with the Australian Securities and Investments Commission to combat online scams and is participating in the formulation and coordination of digital asset standards.