Wang Yang, Cai Wensheng and others proposed that Hong Kong issue a Hong Kong dollar stable currency backed by foreign exchange reserves

Wang Yang, vice president of Hong Kong University of Science and Technology and chief scientific advisor of Hong Kong Web3.0 Association, angel investor Cai Wensheng, founder of Block City Web3.0 technology company Lei Zhibin, and doctoral student Wen Yizhou of Hong Kong University of Science and Technology jointly published the theme in Ta Kung Pao For the policy recommendation of "Proposal for Hong Kong to issue a Hong Kong dollar stable currency backed by foreign exchange reserves", it is proposed that Hong Kong issue a Hong Kong dollar stable currency backed by foreign exchange reserves. The article strongly calls on the SAR government to issue a Hong Kong dollar stablecoin (HKDG) backed by Hong Kong’s foreign exchange reserves, saying that the Hong Kong dollar stablecoin backed by the government will have double guarantees: on the one hand, it will benefit from government supervision; on the other hand, it will benefit from blockchain The information transparency and immutability brought by the contract, this innovative policy direction will provide strong support for Hong Kong's leadership in the field of digital finance.