Xu Zhengyu: There is a great demand for stablecoins in Hong Kong, and the virtual asset and gold commodity markets will be developed simultaneously

Odaily Planet Daily News: Hong Kong Financial Services and Treasury Bureau Director Paul Hui said that Hong Kong is currently developing the virtual asset market and the gold commodity market at the same time. Hong Kong will open up new financial fields, including financial technology, virtual assets, stablecoins and green finance. This week, it will soon seek the support of the Legislative Council to establish a legal regulatory framework for stablecoins. There is also a great demand in the market for this aspect, so the next step must be to continue to innovate and expand new markets. (Hong Kong Special Administrative Region Government News Release)