Hong Kong’s two main financial regulators are advancing digital-market infrastructure and oversight. The Hong Kong Monetary Authority will introduce Central Moneymarkets Unit services by year-end for 24-hour, real-time on-chain settlement, supporting a digital Hong Kong dollar and central bank digital currencies. It will also study direct settlement for tokenized deposits and regulated stablecoins. Separately, the Securities and Futures Commission has outlined short- and medium-to-long-term measures under Hong Kong’s first Five-Year Plan and the Chief Executive’s 2026 Policy Address. The SFC plans a new digital-asset licensing regime, a longer-term framework for tokenized investment products including tokenized gold and other real-world assets, stronger custody and anti-money-laundering oversight, CrypTech market surveillance and wider use of artificial intelligence. The developments come as Hong Kong expands regulated stablecoin issuance and yuan-denominated commodities markets.