The "Hong Kong Digital Asset Development Policy Declaration 2.0" released by the Hong Kong Special Administrative Region Government demonstrates its strategic vision of building a leading global digital asset center. The core is to construct a trustworthy, sustainable, and deeply integrated digital asset ecosystem through the "LEAP" framework (legal and regulatory optimization, tokenized product expansion, application scenario promotion, talent and partner development). I have the following observations: 1. Clearly use the term "digital assets" (replacing "virtual assets") to align with international standards and emphasize its innovative leadership as an international financial center in the digital age. The goal is very clear, which is to balance innovation and risk management, and attract high-quality institutions from around the world; And improve the efficiency of financial markets and serve the real economy through technologies such as tokenization. 3. The division of labor has been clarified, with the China Securities Regulatory Commission leading the issuance of digital asset trading and custody service licenses, and the Hong Kong Monetary Authority supervising bank related activities to avoid functional overlap. 4. It demonstrates the government's friendliness and recognition of digital assets, and the government will submit legislative proposals to include digital assets in eligible transactions for private form issuance funds and family investment control tools that are exempt from profits tax. At the same time, the SAR government will take concrete actions to regularize the issuance of tokenized government bonds. 5. To effectively reduce industry operating costs and strive to improve market liquidity, the government will clarify ETF How can the stamp duty exemption measures for transfers also apply to tokenization ETF， This has a profound impact on the digital asset industry. 6. With substantial cash support and the improvement of the market ecosystem, Cyberport will launch the Memory Block Connection and Digital Asset Perspective Funding Scheme, which can not only attract more talents to join the industry, but also enhance the overall project pool in Hong Kong. Overall, Hong Kong has a great opportunity to become a benchmark for digital asset compliance innovation in Asia within 3-5 years, providing a 'Hong Kong solution' for the integration of traditional finance and digital economy worldwide.