PANews reported on April 20th that at the opening ceremony of the 2026 Hong Kong Web3 Carnival, Hong Kong's Under Secretary for Financial Services and the Treasury, Chan Ho-lim, stated that Hong Kong has developed into a leading international financial center in Asia, ranking third globally and first in Asia in the Global Financial Centres Index, and continuing to lead the world in fintech. Hong Kong currently has over 10 licensed trading platforms, and the Hong Kong Monetary Authority issued its first two stablecoin issuer licenses this month. Hong Kong is actively working with the Securities and Futures Commission to develop a regulatory framework for digital asset trading service providers and custody service providers, aiming to submit a bill to the Legislative Council in 2026.

Chen Haolian introduced Hong Kong's "LEAP" framework for Web3 development: optimizing laws and regulations, expanding the types of tokenized products, promoting application scenarios and cross-sectoral cooperation, and talent and partner development. Hong Kong has normalized the issuance of tokenized bonds, issuing its third batch of tokenized green bonds in November 2025, totaling HK$10 billion, the largest such issuance globally. Hong Kong already has more than 10 tokenized money market funds approved by the Securities and Futures Commission (SFC). The SFC is working with the industry to study secondary market trading rules for tokenized products, aiming to announce policy details in the first half of 2026. The Hong Kong Monetary Authority (HKMA) launched the Ensemble project sandbox in August 2024, and entered a pilot phase in November 2025 under the name EnsembleTX, focusing on real-time liquidity management for tokenized money market fund trading.