(Above: The Secretary for Financial Services and the Treasury, Xu Zhengyu (left), said in the "Hong Kong Financial Technology Week 2022" that the number of participants this time exceeded 12000 China News Agency; Below: "Hong Kong Financial Technology Week 2022" jointly discusses the future development of financial technology through four themes. The picture shows the scene of "Hong Kong Financial Technology Week 2022".) At the opening of the Financial Technology Week, the SAR Government issued a policy declaration on the development of virtual assets, which mentioned that Hong Kong is an international financial center and holds an open and inclusive attitude towards innovators engaged in virtual assets business around the world. The SAR government and regulatory agencies are studying and launching the following pilot plans, including the issuance of NFT (non homogenous token), green bond token, digital Hong Kong dollar, etc., to test the technical benefits of virtual assets, and try to further apply relevant technologies to the financial market. At the same time, we will formulate a clear regulatory framework to achieve sustainable and responsible development and consolidate Hong Kong's position as an international financial center. The 7-page policy declaration issued by the Financial Affairs and Treasury Bureau covers the vision and guidelines, supervision, pilot plans and prospects for the development of the virtual asset industry and the ecosystem. The authorities said that Hong Kong has a world-class financial infrastructure, legal and regulatory system. The SAR government is ready to welcome the future development of finance and commerce, support the technological development and social and economic benefits behind virtual assets, and welcome the convergence of financial technology and virtual asset communities and talents in Hong Kong. The next step will be to implement the development vision through facilitating policies, balancing regulatory risk based restrictions, and various pilot plans. At the same time, the global virtual asset industry cooperates, relying on Hong Kong's status as an international financial center, complying with the best international standards and practices, and exerting the potential of financial innovation in a clear, flexible and convenient regulatory environment. The policy declaration on ensuring financial stability and preventing money laundering mentioned that it is both organic and dangerous to develop new fields, nor can it be done in one step, based on the past development and application of other technologies. The authorities will adopt the principle of "the same business, the same risk, the same rules", and set out the required restrictions in due course. On the one hand, let the innovation of virtual assets develop sustainably, and on the other hand, ensure that the actual and potential risks caused by financial stability, consumer protection, combating money laundering and terrorist financing are mitigated and managed in accordance with international standards. Therefore, it is necessary to closely monitor the evolving international regulatory development and take them into account when formulating the regulatory system. Lu Tingkuang, co-founder of the Hong Kong Digital Assets Exchange, believes that tokenization and virtual assets have become very popular around the world and are increasingly popular with investors. If Hong Kong has clearer regulatory guidance, this will bring new opportunities to the brokerage and asset management industry in Hong Kong. As part of the pilot plan, the SAR government plans to token bonds, which is expected to help improve the efficiency of bond issuance and settlement, reduce costs, and attract more investors to the market. Yu Weiwen, the president of the HKMA, said at the Financial Technology Week yesterday that after the Genesis project was completed by the HKMA and the Hong Kong Center under the innovation hub of the Bank for International Settlements last year, the HKMA will test the issue of token based green bonds in Hong Kong, and test the use of distributed ledger technology to issue bonds in Hong Kong for institutional investment