At the World Economic Forum Annual Meeting in Davos on January 20, Hong Kong's Financial Secretary, Paul Chan, stated that as an international financial center, Hong Kong is adopting a proactive yet prudent approach to developing digital assets. He emphasized that the market is being promoted in a responsible and sustainable manner under the principle of "same activity, same risk, same regulation."

Since 2023, Hong Kong has already licensed 11 virtual asset trading platforms and anticipates issuing stablecoin licenses later this year. Furthermore, the Hong Kong Special Administrative Region Government is leading by example in advancing tokenization development.

This leadership includes the issuance of three batches of tokenized green bonds, amounting to a total of approximately $2.1 billion. Additionally, a regulatory sandbox has been launched to encourage the application of innovation.

He expressed that finance and technology can mutually reinforce each other. Using digital assets as an example, this financial innovation not only enhances the transparency, efficiency, inclusivity, and risk management of financial services but also more effectively channels capital into the real economy.

Moreover, finance is also a crucial force that supports and empowers the development of technology.