The Zhitong Finance App learned that the Hong Kong Secretary for Financial Services and the Treasury, Mr Hui Ching-yu, pointed out that the progress of “tokenization” in Hong Kong is moving from an “experimental stage” to a “implementation phase”. He pointed out that at present, Hong Kong has brought together more than 1,400 fintech companies, including 8 virtual banks, 4 virtual insurance companies, and 12 licensed virtual asset trading platforms, which have achieved excellent results in promoting “tokenization.”

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