[Hong Kong Securities and Futures Commission: Will jointly lead the tokenization initiatives in the asset management industry under the fixed income and investment fund categories] Golden Finance reported that Hong Kong Securities and Futures Commission CEO Leung Fung-yee said that the Ensemble project sandbox test will focus on four major themes: green and sustainable finance, trade and supply chain finance, fixed income and investment funds, and liquidity management. Among these four themes, the Hong Kong Securities and Futures Commission will jointly lead the tokenization initiatives in the asset management industry under the fixed income and investment fund categories, and has provided regulatory guidance to the industry on securities tokenization-related activities and approved investment products. Leung Fung-yee said that the Hong Kong Securities and Futures Commission is one of the first institutions to formulate clear regulatory requirements in this field. The guidelines have promoted the emergence of pilot use cases for the tokenization of financial products, including green bonds, commercial paper, warrants, aircraft leasing funds, and approved retail investment products. Sandbox use cases will help identify pain points, formulate uniform industry standards, and test the use of tokenized currencies for the settlement of tokenized asset transactions between banks.