On January 16, according to Aastocks, Hong Kong's Deputy Financial Secretary Michael Wong spoke about digital and crypto assets at an event. He said that Hong Kong will further promote the development of stablecoins in the future, but emphasized "stability first, then progress" to prevent the inflow of illegal funds and ensure the soundness of the financial system.
In addition, Wong Wai-lun pointed out that Hong Kong is actively expanding its gold storage capacity, aiming to increase the total capacity to 2,000 tons in the next three years. Currently, a central gold clearing system is being established, and the Shanghai Gold Exchange has been invited to participate, with the goal of putting it into operation within this year.
