Hong Kong Strengthens Financial Connectivity and Stability

According to PANews, Hong Kong Special Administrative Region Chief Executive John Lee highlighted the region's efforts to enhance financial connectivity during a speech at the 28th anniversary reception of the Hong Kong SAR. Lee announced the implementation of a stablecoin licensing system and improvements to the listing procedures, which have bolstered Hong Kong's financial competitiveness. As a result, Hong Kong has risen one position to secure the third spot globally as a financial center. The region has also attracted 84 key enterprises in advanced technology, bringing in approximately HKD 50 billion in investments.