Eddie Yue, Chief Executive of the Hong Kong Monetary Authority: Hong Kong’s growth momentum in the digital asset sector will continue

PANews reported on August 4th that according to Interface News, Norman Chan, the Chief Executive of the Hong Kong Monetary Authority, published an article titled "Hong Kong Wealth Management Market: Opportunities and Prospects". The article mentioned that Hong Kong banks are experiencing rapid growth in digital asset business. After the relevant regulatory guidelines were introduced, more and more banks are expanding into selling digital asset-related products and tokenized assets, as well as digital asset custody services. By mid-July 2025, 22 banks have been approved to sell digital asset-related products, 13 banks have been approved to sell tokenized securities, and five banks have been approved to provide digital asset custody services. In the first half of 2025, the total transaction amount of banks' digital asset-related products and tokenized assets reached 26.1 billion Hong Kong dollars, an increase of 233% compared to the same period last year, and has already exceeded the total transaction amount for the entire previous year. Several asset management companies have also announced plans to launch tokenized products. With the government actively promoting tokenized bond issuance, it is believed that Hong Kong's growth momentum in the digital asset field will continue, bringing new impetus to the development of its wealth management business.