Hong Kong's Real-World Asset (RWA) industry is entering a phase of compliance restructuring, marked by the establishment of the "RWA Ecosystem International Consortium" and a strategic roadmap. This shift is driven by recent regulatory policies from China's major associations aimed at mitigating RWA risks, alongside the Hong Kong Monetary Authority's (HKMA) progress on Project Ensemble. The industry is transitioning from asset consolidation to compliance-driven reconstruction, focusing on tokenizing complex real-world industrial chains. The December 15 summit highlighted a shift from a "crypto narrative" to an "industry narrative," with participation from entities like Hydrogen Cloud Chain Technology and Sihuan Pharmaceutical. The event underscored the alignment between regulation and market needs, emphasizing the importance of compliance costs as a barrier to entry. The consortium also announced the ITA2026 Global Summit, aiming to train 100,000 digital M&A professionals, signaling 2026 as the "Year of Practical Implementation" for RWA. Hong Kong's regulatory environment contrasts with mainland China's restrictions, creating opportunities for innovation. The HKMA's EnsembleTX pilot is paving the way for tokenized deposit settlements, attracting institutional capital. Key opportunities identified include energy RWA and Real Data Assets (RDA), which leverage cross-border data securitization. The summit calls for Hong Kong's RWA sector to embrace formalized operations, positioning it as a crucial hub for global compliant capital.