Chen Haolian: Hong Kong is implementing multiple policies to create a stable development environment for the digital asset industry
Foresight News reports that Joseph Chan, Under Secretary for Financial Services and the Treasury of Hong Kong, stated, "Since publishing its first policy statement on the development of digital assets in 2022, the Hong Kong SAR Government has demonstrated a proactive and open attitude towards the Web3 and digital asset sectors, committed to building a regulatory framework that both considers risk management and promotes industry development, with the goal of establishing Hong Kong as a global innovation hub for digital assets."
By optimizing the legal and regulatory environment, expanding the types of tokenized assets, promoting application scenarios, strengthening international cooperation, and developing the talent market, Hong Kong is making steady progress aimed at creating a stable development environment for the digital asset industry while driving its deep integration with the real economy. Specific policy measures include issuing licenses for stablecoin issuers, launching tokenized gold investment products, issuing digital bonds, and participating in the Project Ensemble sandbox initiative. These actions demonstrate Hong Kong's determination and concrete steps in the field of Web3 and digital asset innovation."
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