[Hong Kong Deputy Financial Secretary: Advancing Stablecoin Development with Appropriate Safety Measures to Prevent Misuse by Criminals] Foresight News reports, according to Zhitong Finance, Hong Kong Deputy Financial Secretary Michael Wong emphasized during an event that the financial market must strive for innovation to expand the Hong Kong stock market. When advancing the development of stablecoins, the government will adopt a 'prudent and precise' strategy and appropriately increase safety measures to ensure security and prevent misuse by criminals. In addition, the Hong Kong government is actively expanding the capacity of gold storage facilities, aiming to increase the total capacity to 2,000 tons within the next three years. The Shanghai Gold Exchange has been invited to participate, and the government plans to launch a central gold clearing system within this year.