PANews: Deloitte China's Southern Region Managing Partner: Interconnectivity Boosts Guangdong-Hong Kong-Macao Integration, Opens Wider Markets for Finance

According to a report from the "Hong Kong Economic Journal," Deloitte China's Southern Region Managing Partner, Eugene Au, expressed that interconnectivity plays a crucial role in promoting the integrated development of the Guangdong-Hong Kong-Macao Greater Bay Area. It also opens up wider markets for the financial industry, further facilitating cross-border RMB circulation and usage.

Au emphasized that the development of Web3.0 technology and its ecosystem has accelerated the process of digital transactions and tokenized asset settlement. He cited a recent example where a company utilized blockchain technology to tokenize charging station assets in mainland China as Real World Assets (RWAs) and issued them, securing the first cross-border financing in Hong Kong. This facilitates the integration of high-quality assets from mainland China with fintech development. Meanwhile, Hong Kong can leverage its advantages in digital asset development and regulation to provide financing for these promising projects and facilitate trading of their tokenized assets.