Xu Zhengyu: Hong Kong perfects digital asset regulation, stablecoin licensing system supports industry growth.

According to the Smart Financial APP, on July 4th, at the Hong Kong Digital Finance Awards 2025 ceremony, Christopher Hui, the Secretary for Financial Services and the Treasury of Hong Kong, stated that Hong Kong is actively promoting the development of digital assets and has gradually established a set of risk management and investor protection measures, as well as a regulatory framework for industry development, to promote the sustainable development of Hong Kong's digital asset ecosystem. He mentioned that the Hong Kong Stock Exchange has developed the first batch of digital asset indices in Hong Kong, providing investors with transparent and reliable Bitcoin and Ether price benchmarks in the Asian time zone, supporting Hong Kong's development as a leading digital asset center in Asia. The implementation of the stablecoin issuer licensing system next month will help promote the development of real application scenarios and support Hong Kong in becoming a leading digital asset center in Asia.