Hong Kong SFC CEO Leung Fung-yee discusses tokenization development and market upgrade

On March 5, Leung Fung-yee, CEO of the Hong Kong Securities and Futures Commission, stated at the 2026 EU-Asia Financial Services Dialogue event of the Asia Securities Industry & Financial Markets Association that Hong Kong needs to thoroughly upgrade its market infrastructure, especially in the areas of financial product fragmentation, clearing, and settlement. She pointed out that distributed ledger technology and the development of tokenization can support a wide range of investment products such as bonds, funds, and gold. The expansion of the tokenization ecosystem requires the integration of related innovative projects to combine the confidence of traditional finance with the efficiency of decentralized finance. Leung Fung-yee also revealed that the Hong Kong Securities and Futures Commission is jointly leading an Asia-Pacific committee working group with the Australian Securities and Investments Commission to combat online scams, and is participating in the formulation and coordination of digital asset standards.