Chen Maobo: Hong Kong is expected to issue stablecoin licenses later this year

Hong Kong Financial Secretary Paul Chan stated at the World Economic Forum Annual Meeting in Davos, Switzerland that Hong Kong adopts an active and cautious attitude towards developing digital assets, and promotes responsible and sustainable market development based on the principle of "same activities, same risks, same regulations". Since 2023, Hong Kong has licensed 11 virtual asset trading platforms and is expected to issue stablecoin licenses later this year. In addition, the Hong Kong SAR government has issued three batches of tokenized green bonds, totaling approximately $2.1 billion, and launched a regulatory sandbox to encourage application innovation.