Jinse Finance reported, citing Bloomberg, that according to a source familiar with the matter, the Hong Kong government has commissioned banks to prepare for a potential digital bond issuance, and more issuers may enter the market. Reportedly, if this issuance proceeds, it will be the Hong Kong government's third digital bond issuance since 2023. Currently, there are at least six digital bonds issued by companies in Hong Kong, with a total fundraising amount of approximately $1 billion, about 70% of which were priced and issued in 2025. HSBC Holdings and King & Wood Mallesons stated that an increasing number of enterprises from mainland China and other regions are considering issuing digital bonds in Hong Kong. Last month, two state-owned enterprises, Shenzhen Futian Investment Holdings Co., Ltd. and Shango Holdings Group Co., Ltd., completed the pricing and issuance of digital bonds in the Hong Kong market.