[Hong Kong Financial Secretary Christopher Hui: Pilot Tokenization of Exchange Fund Bills by End of 2026] Hong Kong's Secretary for Financial Services and the Treasury, Christopher Hui, stated at the press conference on financial development measures under the first five-year plan for Hong Kong's economic and social development and the Chief Executive's 2026 Policy Address that digital assets and financial technology are new growth engines for Hong Kong. Digital bonds issued in Hong Kong account for approximately 50% of the global share. By the end of 2026, Hong Kong will pilot the tokenization of Exchange Fund Bills, and the Central Moneymarkets Unit (CMU) will establish a digital asset platform within 2026 to provide one-stop services for digital bond issuance and settlement. In terms of regulation and market development, measures include improving the virtual asset licensing regime, refining the regulatory framework for tokenized investment products, promoting the trading of regulated stablecoins on licensed platforms, and encouraging the expansion of compliant stablecoin application scenarios.