《Ye Zhiheng: SFC's Three Major Clusters for the Next 12 Months, A World-First Tokenized Product Framework》 Hong Kong's financial regulatory progress and achievements: The digital asset regulatory framework has been rated as 'one of the highest levels,' with six milestones implemented, including virtual asset pledging and custody systems. SPAR emphasizes focus, ambition, and international influence. Over the next 12 months, efforts will center on regulatory implementation, product innovation, and interactive innovation. The new tokenization initiative will allow VATP to trade price funds, establishing a globally predictable regulated framework. The regulatory philosophy promotes steady advancement, emphasizing trust balance and pragmatic execution. Read the full article: http://(wublock123.com)/articles/article-58905