The special issue article "Overview of Hong Kong Bond Market 2025" released by the Hong Kong Monetary Authority on the 31st shows that Hong Kong will achieve growth in the three major bond sub markets of Hong Kong dollar, offshore RMB, and G3 currencies (US dollar, euro, and Japanese yen) in 2025. The article points out that the issuance of Hong Kong dollar debt securities in 2025 will increase by 58.6% year-on-year, reaching HKD 1629.3 billion; The issuance amount of offshore RMB debt securities issued in Hong Kong increased by 2.7% year-on-year, reaching RMB 1100.9 billion; The G3 currency bonds issued in Hong Kong increased by 26% year-on-year, reaching 101.5 billion US dollars. The article mentions that in order to further promote the development of the tokenized bond market and build a local ecosystem, the Hong Kong Monetary Authority will continue to promote related applications through various measures, including assisting the Hong Kong SAR government in issuing tokenized bonds on a regular basis; Continue to promote the connection between digital and traditional infrastructure; Explore with the Hong Kong SAR government further optimization measures to enhance efficiency and promote the application of digital bonds. The Securities and Futures Commission of Hong Kong and the Hong Kong Monetary Authority jointly released the "Roadmap for the Development of Fixed Income and Money Markets" (referred to as the "Roadmap") last year, aiming to strategically position Hong Kong as a global fixed income and money center by promoting demand, liquidity, and innovation. The Hong Kong Monetary Authority has stated that it is working closely with various stakeholders to implement the measures outlined in the roadmap. (New Society)