Xu Zhengyu: Hong Kong should provide financial products adapted to the development of the digital economy and improve the regulatory framework for st

The Secretary for Financial Services and the Treasury of the Hong Kong Special Administrative Region (HKSAR) government, Mr. Christopher Hui, stated that Hong Kong will continue to enhance its market competitiveness, strengthen connectivity with the Mainland, and accelerate the development of new financial areas. By consolidating and enhancing its status as an international financial center with these "three pillars," Hong Kong will serve the overall development of the country. Hong Kong aims to provide financial products that are compatible with the development of the digital economy. Connectivity with the Mainland market is crucial for consolidating and enhancing Hong Kong's status as a financial center. Hong Kong will also accelerate the development of new financial areas, including green finance and financial technology. It will improve the regulatory framework for emerging areas such as stablecoins and off-exchange transactions of virtual assets, hoping that the market will develop in a stable and sustainable manner.