Hong Kong minister touts gold as ‘bridge between conventional and new finance’
Hong Kong's Secretary for Financial Services and the Treasury, Christopher Hui Ching-yu, stated on Wednesday that gold can act as a "potential bridge" between conventional and new forms of finance. He emphasized the city's need to foster growth in the digital asset market.

Briefing Summary
AI-generatedHong Kong's Secretary for Financial Services and the Treasury, Christopher Hui Ching-yu, stated on Wednesday that gold can act as a "potential bridge" between conventional and new forms of finance. He emphasized the city's need to foster growth in the digital asset market. Hui also revealed that Hong Kong will not establish a separate regulatory body for digital assets, citing the convergence between traditional and innovative finance. He observed both gold ETFs in conventional markets and tokenized versions on the blockchain. These remarks were made during a panel session on cryptocurrencies and digital assets at the Global Prosperity Summit.
Article analysis
Model · rule-basedKey claims
4 extractedGold exchange-traded funds (ETFs) exist in conventional markets, and tokenized versions are available on the blockchain.
Hong Kong opted against forming a separate regulatory authority for digital assets due to convergence between conventional and innovative finance.
Hong Kong needs to provide more opportunities for the digital asset market to grow.
Gold can serve as a potential bridge between conventional and new forms of finance.