Vice Chairman of the Hong Kong China Financial Association: RWA investment is expected to open up to retail investors

Yang Zaiyong, Vice Chairman of the China Financial Association in Hong Kong, stated that Chinese securities firm GF Securities (Hong Kong) has successfully issued the first short-term commercial paper tokenized security applicable to Hong Kong law, marking a new milestone in the development of digital finance in Hong Kong. Hong Kong regulatory authorities hold an open and supportive attitude towards RWA innovation. For example, the China Securities Regulatory Commission has stated that RWA investment is expected to be open to retail investors. If Hong Kong wants to strive to become a global source of RWA innovation, it must further improve top-level design, break through innovation bottlenecks, optimize infrastructure, cultivate market ecology, and lead the industry towards a higher quality and more sustainable track.