Hong Kong will issue the second digital asset development policy manifesto.

The Financial Secretary of the Hong Kong Special Administrative Region Government, Paul Chan Mo-po, stated today that Hong Kong has made significant progress in digital finance, green finance, and the offshore renminbi market. Since the SAR government released its first policy manifesto on the development of the digital asset market at the end of 2022, the relevant market in Hong Kong has shown significant acceleration, attracting many related companies to establish themselves in Hong Kong and expand their operations. In response to the latest developments and changes in the situation, the SAR government is about to release its second policy manifesto on the development of digital assets, outlining the next policy vision and direction. A series of specific measures include better integrating the advantages of traditional financial services with technological innovation in the digital asset field, improving the security and flexibility of digital assets in real economic activities, and encouraging local and international companies to explore the innovation and application of digital asset technology.