Chan Mo-po: Hong Kong will release the second digital asset policy declaration in June, emphasizing the integrated development of finance and innovation

On June 13, Hong Kong SAR Government Financial Secretary Paul Chan said during his attendance at the Caixin Summer Summit that Hong Kong will release the second policy declaration on the development of digital assets this month, continue to promote the integration of financial technology and innovation, and expand the specific scenarios of digital assets in Hong Kong.

Paul Chan pointed out that the Hong Kong SAR government has successively introduced a licensing system covering digital asset trading platforms and stablecoins in recent years, and is accelerating the relevant regulatory arrangements for areas such as custody and over-the-counter trading. He said: "This month, we will publish the second policy declaration on the development of digital assets in Hong Kong, which will focus on how to deeply integrate financial services with innovative technologies and expand the diversified application of digital assets."

This statement continues the strategic deployment of the Hong Kong SAR government in accelerating the creation of an Asian digital asset hub since the release of the first "Policy Declaration on the Development of Virtual Assets" in 2022. With the full implementation of the virtual asset platform licensing system in 2024 and the draft regulation of stablecoins entering the final stage, Hong Kong is gradually building a more complete virtual asset regulatory framework.

Currently, many international financial institutions and Web3 companies have established businesses in Hong Kong, and the Hong Kong Monetary Authority continues to promote the e-HKD R&D pilot program to accelerate the construction of innovative payment and clearing systems.

Market participants expect that Hong Kong’s second policy declaration, which is about to be released, is expected to further clarify the digital asset development roadmap and release more industry support signals, consolidating its dual advantages in regulation and innovation in the Asia-Pacific region.