[Hong Kong NPC Deputy Chan Chun-ying: Cautious Development of Stablecoins, Virtual Assets, and Other Emerging Financial Products] Deep Tide TechFlow News, March 8 – According to Hong Kong media HKEJ, Hong Kong Legislative Council President and NPC Standing Committee member Starry Lee Wai-king stated that full support will be given to align with Hong Kong's first five-year plan. Hong Kong NPC deputy Chan Chun-ying emphasized the need for cautious development of stablecoins, virtual assets, and other emerging financial products. Many financial institutions, including banks, securities firms, and insurance companies, are already utilizing artificial intelligence. There is a need for better regulation of AI usage, including enhanced oversight, to ensure the safety of Hong Kong's financial sector and prevent any issues. In addition, Hong Kong Legislative Council Election Committee sector member Duncan Chiu stated that the '15th Five-Year Plan' represents the direction of national development for the next five years and beyond. In this new phase, Hong Kong should fully leverage its own advantages to excel in building the 'four centers and one hub,' consolidating and enhancing Hong Kong's position as an international financial, shipping, and trade center, while striving to establish itself as an international innovation and technology hub. Currently, Hong Kong ranks as the world's third-largest international financial center, but it absolutely has the potential to advance further and become the second-largest globally.