PANews
PANews|May 20, 2026 11:45
[Christopher Hui: Gold Can Serve as a Potential 'Bridge' Between Traditional Finance and New Finance] According to the *South China Morning Post*, Christopher Hui, Secretary for Financial Services and the Treasury of Hong Kong, stated at the Global Prosperity Summit that gold can serve as a potential 'bridge' connecting traditional finance and new finance, driving the development of the digital asset market through technologies such as blockchain. Hui noted that Hong Kong does not have an independent regulatory body for digital assets, as the convergence of traditional and innovative finance is considered, allowing for synergy under a unified regulatory framework. Previously, HSBC and Hang Seng Investment Management launched the tokenized unlisted class of the Hang Seng Gold ETF on HashKey Exchange. Hong Kong is also advancing the trial operation of a central gold settlement system and plans to increase gold storage capacity by more than tenfold, while expanding the digital asset regulatory framework to cover stablecoins, tokenization, and broader Web3 infrastructure.
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