The new direction of Hong Kong's financial development is gradually becoming clearer. According to the recent planning report from the Hong Kong Financial Services and the Treasury Bureau, asset tokenization has been incorporated into the key development agenda for the next ten years, with a specific implementation timetable provided.

The next 2 to 5 years will be a mid-term sprint phase. The focus during this period is to fully promote the tokenization of physical assets, covering traditional financial sectors such as real estate, funds, and bonds. Meanwhile, Hong Kong will accelerate the development of more tokenized financial instruments, lay the groundwork for infrastructure, establish unified industry standards, and initiate scaled pilot projects.

In the long-term phase of 5 to 10 years, the goal becomes even more ambitious. Hong Kong plans to build a complete issuance mechanism for tokenized assets and a secondary trading system, establishing a unified data standard and compliance framework. More importantly, the aim is to promote massive trading, settlement, and circulation of tokenized assets in Hong Kong, significantly enhancing market transparency and operational efficiency.

To achieve these goals, Hong Kong will also concurrently develop tokenized trading platforms, smart contract application infrastructure, and an on-chain network system supporting near-instant settlement. The ultimate goal of this combined approach is clear — to migrate the infrastructure of traditional capital markets onto the blockchain, making Hong Kong the next-generation global financial hub.