Xu Zhengyu: There is a high demand for stablecoins in Hong Kong, and the development of virtual assets and gold commodity markets will be synchronized

Odaily Planet Daily News: Hong Kong's Secretary for Financial Services and the Treasury, Xu Zhengyu, stated that Hong Kong is currently developing a virtual asset market, while also developing a gold commodity market. Hong Kong will open up new financial sectors, 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 this area of the market, so the next step is to continue to innovate and expand new markets. (Hong Kong SAR Government Press Release)