[Hong Kong Treasury Bureau Advances Research on Tokenized Bond Applicability] Hong Kong Treasury Bureau Secretary Christopher Hui stated during his speech at the FinTech Forward Seminar and the 01 FinTech Excellence Awards Ceremony 2025 that the Treasury Bureau and the Hong Kong Monetary Authority are studying the applicability of current legislation to tokenized bonds, aiming to promote the adoption of tokenization technology in Hong Kong's bond market. Relevant details will be announced in the first half of next year. Additionally, the Hong Kong Securities and Futures Commission released two new circulars earlier this month, allowing licensed virtual asset trading platforms to share global order books with overseas affiliated platforms and expanding the range of products and services that virtual asset trading platforms can offer.