[Hong Kong Treasury Bureau: Four regulatory bills for virtual asset service providers to be submitted this year, and trial operation of the gold clearing system to be launched] Foresight News reports, according to a press release from the Hong Kong government, Hong Kong Secretary for Financial Services and the Treasury, Christopher Hui, stated during a policy briefing at the Legislative Council on January 30 that the Treasury Bureau and the Securities and Futures Commission are currently formulating detailed regulatory frameworks for virtual asset trading and custody services. The goal is to submit four regulatory bills to the Legislative Council this year, covering virtual asset advisory services, virtual asset management services, and other service providers. Additionally, the Hong Kong "Stablecoin Ordinance" officially came into effect in August 2025, and the Hong Kong Monetary Authority is currently processing related license applications. In terms of establishing an international gold trading market, Hong Kong has set a target to expand gold storage capacity by over 2,000 tons within three years, aiming to build a regional gold reserve hub. The government has established a wholly-owned governing body for the Hong Kong Gold Central Clearing System, with the goal of launching trial operations of the clearing system within this year. Furthermore, the Treasury Bureau is studying ways to optimize tax relief measures for treasury centers and exploring the possibility of shortening the stock settlement cycle from the current T+2 to T+1. Foresight News previously reported that the Hong Kong Treasury Bureau plans to submit legislative proposals to the Legislative Council this year to implement the Crypto-Asset Reporting Framework (CARF) developed by the Organisation for Economic Co-operation and Development (OECD). The goal is to automatically exchange tax-related information on crypto asset transactions with other tax jurisdictions starting in 2028, in order to combat cross-border tax evasion and enhance international tax transparency.