Yu Weiwen: The Hong Kong Monetary Authority plans to issue a second tokenized green bond and has initiated research on the application of blockchain tokenized green bonds.

Yue Weiman, President of the Hong Kong Monetary Authority, said that the Authority will co-organize the "Green Finance Week" with the Hong Kong government in February next year, and will hold a roundtable with the International Monetary Fund (IMF) to study blended finance. Yu Weiman said that the Hong Kong Monetary Authority is preparing to issue a second tokenized green bond, which is expected to be launched in the next few months. The Hong Kong Monetary Authority is studying how to conduct the redemption process of tokenized green bonds within the blockchain to increase its operational efficiency. It is also studying the application of tokenized green bonds using blockchain technology and the Internet of Things (IOT). Yu Weiwen also revealed that Hong Kong’s green bonds and green loans raised only nearly US$11 billion two years ago, which has now increased to US$80 billion (approximately HK$625.2 billion), an increase of nearly 7 times. (Ming Pao)