
Hong Kong’s Financial Secretary detailed new measures including stablecoin licensing, gold reserve expansion, and T+1 settlement to boost fintech, tokenization, and global capital inflows.
Hong Kong’s Financial Secretary Paul Chan expanded the ‘FinTech 2030’ strategy with plans to utilize FinTech and tokenization for real-economy applications, raise gold reserves to 2,000 tons within three years, and issue stablecoin licenses starting next year under stringent regulation. Additional reforms target shortening stock settlement to T+1 and broadening tax exemptions to attract global capital. These measures complement over 40 initiatives focused on tokenization, payment innovation, and AI integration, bolstered by 2024 funding achievements of HK$6 billion for Cyberport and Science Park startups and HK$5.2 billion for listed firms.