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Yu Weiwen: Hong Kong Monetary Authority is prepared to issue its second token...

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Post time 10-12-2023 22:20:47 | Show all posts |Read mode
"On December 6th, according to the Hong Kong media Ming Pao, Eddie Yue, the Chief Executive of the Hong Kong Monetary Authority (HKMA), stated that the HKMA, in collaboration with the Hong Kong government, will organize ""Green Finance Week"" in February next year. During this event, a roundtable conference on blended finance will be held in partnership with the International Monetary Fund (IMF).

Yue mentioned that the HKMA is preparing to issue its second tokenized green bond, expected to be launched in the coming months. The HKMA is actively exploring the redemption process of tokenized green bonds on the blockchain to enhance operational efficiency. Additionally, they are studying the application of tokenized green bonds using blockchain technology and the Internet of Things (IoT). Yue also revealed that two years ago, Hong Kong's green bonds and green loans raised nearly $11 billion, and this figure has now increased to approximately $80 billion (about HKD 625.2 billion), a growth of over seven times."
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Post time 10-12-2023 22:35:27 | Show all posts
Issuing bonds seems like a way to fleece the retail investors.
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Post time 11-12-2023 09:13:58 | Show all posts
Why issue bonds? Are they planning to use the proceeds to buy a portion of cryptocurrencies?
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Post time 11-12-2023 09:54:23 | Show all posts
It looks like there has been significant growth, hasn't there?
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