According to a report by Hong Kong Commercial Daily, Hong Kong SAR Government's Deputy Secretary for Financial Services and the Treasury, Joseph Chan, recently stated in an interview that the government will actively develop fintech and digital assets. The stablecoin issuer regime was implemented last August, and authorities are currently drafting legislative proposals for licensing systems related to digital asset trading and custody services. The goal is to establish a comprehensive regulatory framework and position Hong Kong as a global innovation hub for digital assets. He revealed that a licensed virtual insurance company from Hong Kong has expanded its business to Saudi Arabia and the UAE. Additionally, Hong Kong's tokenized funds have entered Middle Eastern wealth management platforms. Moreover, Asian capital can now purchase Islamic bond ETFs in Hong Kong, providing Middle Eastern investors with a familiar and trustworthy market. https://(wublock123.com)/news/hk-financial-services-deputy-head-proposes-licensed-digital-asset-trading-custody-59767