According to a report by Jinse Finance, citing Hong Kong Wen Wei Po, Hong Kong’s Secretary for Financial Services and the Treasury, Christopher Hui, stated that Hong Kong has issued green bonds in tokenized form twice, in 2023 and 2025, and a third batch of tokenized bonds is currently being prepared. Going forward, Hong Kong will regularize the issuance of tokenized government bonds and provide incentives for the tokenization of real-world assets, such as exempting tokenized exchange-traded funds (ETFs) from stamp duty upon transfer. In addition, Hong Kong will promote the broader tokenization of assets and financial instruments, showcasing the diverse applications of tokenization technology across various sectors, including precious metals, non-ferrous metals, and renewable energy (such as solar panels).