Hong Kong monetary authority is launching their own CBDC under the title of "e-HKD". And this token is about to make the usage in the cases like tokenized assets and the mortgage pricing. It would find some useful places and soon it would be replacing a lot of online places where they can be used instead of the cash too. They have made the use case for the mortgage pricing and assets recently which was released as an update. 

Currently the program is in phase 2 and there are going to be pilots that would go on. And once the pilots are done they would be released for the public. And if we consider the overall long term implications of the pilot it would make it easier to handle the tokenization of the real world assets. That's what is being released by the HKMA so far. We would be getting more data soon. 

Meanwhile there is one more update. 

Credit data smart is another data harvest that is being deployed. Where the personal credit scores would be accessible to banks and the lenders and the agencies. Which would make it easier to avoid certain people and also would be possible to manage the loans. It's a good improvement considering China is slowly turning out to be a loan shark of the world. Let's see where the update goes on the blockchain for this credit data. 

Lot of interesting things on blockchain in public governance are coming for the Hong Kong and China. Let's see where things move in upcoming times as the market improves over a period of time.