Hong Kong SFC CEO Leung Fung-yee discusses tokenization development and market upgrade

AIcoin2026/03/05 07:31

Show original

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!

A welcome pack worth 6200 USDT for new users! Sign up now!

On March 5, Leung Fung-yee, CEO of the Hong Kong Securities and Futures Commission, stated at the 2026 EU-Asia Financial Services Dialogue event of the Asia Securities Industry & Financial Markets Association that Hong Kong needs to thoroughly upgrade its market infrastructure, especially in the areas of financial product fragmentation, clearing, and settlement. She pointed out that distributed ledger technology and the development of tokenization can support a wide range of investment products such as bonds, funds, and gold. The expansion of the tokenization ecosystem requires the integration of related innovative projects to combine the confidence of traditional finance with the efficiency of decentralized finance. Leung Fung-yee also revealed that the Hong Kong Securities and Futures Commission is jointly leading an Asia-Pacific committee working group with the Australian Securities and Investments Commission to combat online scams, and is participating in the formulation and coordination of digital asset standards.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.

Trade now！

October 7 - Citigroup has upgraded logistics company XPO (XPO.N) from “Neutral” to “Buy,” and raised its target price to $224, indicating an upside potential of about 22% from the previous trading day’s closing price. The brokerage stated that the upgrade was made after the stock declined from the $230 range to its current level of $183 per share. It also added that the recent broad pullback in the transportation sector has created a "more favorable risk-reward setup" for the third-quarter earnings season. Citigroup noted, "Notably, XPO has been particularly optimistic about its Q3 earnings, expecting an opportunity to gain market share and maintain pricing power." Among 26 brokerages, 19 rate the stock "Buy" or above, 6 rate it "Hold," and 1 rates it "Sell"; the median target price is $238 according to data compiled by the London Stock Exchange Group (LSEG). As of yesterday’s close, the stock had risen 35% year-to-date.

路透社•2026/10/07 12:27

Euro: Political risk weighs but downside seen limited – ABN AMRO

FXStreet•2026/10/07 12:15