Leung Fung-yee: The global order is being profoundly reshaped, and traditional finance must embrace blockchain and tokenization.

Speaking at an event today, Hong Kong Securities and Futures Commission Chief Executive Officer Regina Leung said that the global order is undergoing a profound reshaping from globalization to regionalization. In terms of technological transformation, banks, asset management companies, and market infrastructure operators should leverage blockchain technology to enhance their survival. She pointed out that to meet the demands of the new generation of investors for 24/7 service and instant settlement, market infrastructure must be completely upgraded, and distributed ledger technology (DLT) and tokenization offer a solution. Tokenization not only improves efficiency but also supports tokenized products such as bonds, funds, and gold, releasing liquidity and enhancing market inclusivity.