In the 2026 Budget, Hong Kong Financial Secretary Paul Chan stated that the two agencies are actively implementing the roadmap, which includes promoting primary market issuance, enhancing secondary market liquidity, and expanding offshore RMB business. Additionally, an electronic bond trading platform will be launched in the second half of the year to further consolidate Hong Kong’s position as a global fixed-income and currency hub. He noted that to drive innovation in the bond market, the government issued tokenized bonds for the third time in the fourth quarter of last year, totaling 10 billion yuan—the largest such issuance globally at the time—and introduced a settlement option for tokenized central bank money, laying the groundwork for future integration with other forms of digital currency. He stated that the Hong Kong government will continue to issue tokenized bonds on a regular basis, and the Hong Kong Monetary Authority will also encourage the issuance of more digital bonds in Hong Kong through the “Digital Bond Grant Scheme.” (Hong Kong Economic Times)