[Hong Kong Deputy Secretary for Financial Services and the Treasury, Joseph Chan: Hong Kong is building a comprehensive digital asset regulatory framework, aiming to submit it to the Legislative Council within the year] April 20 – Joseph Chan, Deputy Secretary for Financial Services and the Treasury of Hong Kong, delivered a keynote speech at the 2026 Hong Kong Web3 Carnival. He pointed out that Hong Kong has developed into the third-ranked global financial center index and the top international financial center in Asia, providing a solid foundation for Web3 innovation. He stated that the Digital Asset Development Policy Statement 2.0 released last year introduced the LEAP framework, which encompasses four pillars: optimizing legal regulation (L), expanding tokenized product categories (E), advancing application scenarios and cross-sector collaboration (A), and fostering talent and partnerships (P). He revealed that Hong Kong currently has over 10 licensed trading platforms, and the Monetary Authority issued the first two stablecoin issuer licenses this month. The Special Administrative Region government issued the third batch of tokenized green bonds last year, marking the largest scale globally. Additionally, efforts are underway to establish regulatory regimes for digital asset trading service providers and custodial service providers, with the goal of submitting a draft bill to the Legislative Council within the year.