Hong Kong government departments announced on February 16 that they had launched HK $80,000 of representative green bonds under the green bond scheme. The bonds were underwritten by four financial institutions with a return of 4.05 per cent.

According to the announcement, the website applies Goldman Sachs' token agreement GS DAP, which uses the personal blockchain system to clear securities tokens that represent beneficial rights and interests of bonds and cash tokens that represent Hong Kong dollar claims in the form of T1 payment pairs.

Dynamic password, the process of representing property or securities as data dynamic passwords, is a relatively new definition in the investment community. According to the use of blockchain applications to establish data dynamic passwords, foreign investors can also give higher clarity and efficiency universality in stock issuance and payment. This debt data settlement measure on the personal blockchain system represents a major change from the traditional settlement process, which usually relies on human authentication and paper documents.

The Financial Secretary, Mr Henry Tang, stressed that the successful sale of green bonds represented a milestone for Hong Kong. He shared: he

"Hong Kong has been actively promoting the application of innovation and technology in the financial sector, actively promoting new ideas and technologies, so as to enhance the efficiency, transparency and safety of financial investment."

The successful sale of representative green bonds shows the increasing selection of blockchain in the financial industry, which means that the sustainable development of the financial industry around the world has taken an important step.

About: ChinaInteractive artists listed on NASDAQ will buy and sell login passwords in Hong Kong

Hong Kong government departments have once again indicated that they will continue to focus on the development trend of digital monetary infrastructure construction. In December 2022, Hong Kong launched two exchange-traded funds (ETF) to trade digital currency futures, raising more than $70 million before the launch.

In October 2022, Cointelegraph reported that Hong Kong regulators expected to allow retail investors to invest directly in virtual assets and carefully considered the current login password trading rules. Huang Biyun, head of the Internet finance department of Hong Kong's Securities and Futures Trading Supervision Commission, said that Hong Kong government departments are working hard to issue their own laws to control login passwords in their own way, rather than relying on Chinese form.