PANews reported on December 19th that, according to Jinshi News, the "Web5 Ecosystem" Summit was held in Hong Kong on December 18th. At the summit, Hong Kong's Under Secretary for Financial Services and the Treasury, Chan Ho-lim, stated that government departments are studying the legal and regulatory framework for the issuance and trading of tokenized bonds, exploring optimization measures, promoting the adoption of tokenization technology in the Hong Kong bond market, and enriching the product range in Hong Kong's tokenized and digital asset sectors. Furthermore, the Hong Kong Monetary Authority is promoting a digital currency project, including encouraging commercial banks to launch tokenized deposits and promoting the trading of real tokenized assets.