Yu Weiwen: The Hong Kong Monetary Authority is studying the process of redeeming tokenized green bonds on the blockchain

2023-12-06 13:47:08

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ChainCatcher news, according to Ming Pao, the President of the Hong Kong Monetary Authority, Yu Weiwen, stated that the authority will co-host a "Green Finance Week" with the Hong Kong government in February next year, during which a roundtable meeting will be held with the International Monetary Fund (IMF) to study blended finance.

Yu Weiwen mentioned that the Monetary Authority is preparing to issue the second tokenized green bond, which is expected to be launched in the coming months. The authority is studying the process of redeeming tokenized green bonds on the blockchain to increase operational efficiency, and is also exploring the application of tokenized green bonds using blockchain technology and the Internet of Things (IoT).

Yu Weiwen also revealed that two years ago, Hong Kong's green bonds and green loans raised nearly $11 billion, which has now increased to $80 billion (approximately HKD 625.2 billion), growing by more than 7 times.

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