Paul Chan: Stablecoins reject investment or speculation; license approvals will only be granted to applicants with robust and real-world use cases.

According to Foresight News , Hong Kong Financial Secretary Paul Chan Mo-po stated at Hong Kong Fintechweek 2025, "Hong Kong's financial regulators bear a dual mission: regulating and promoting market development. While encouraging innovation, we must also ensure the true applicability of digital asset regulation, investor protection, and financial stability. Whether it's digital asset trading platforms or stablecoins, we adhere to the same activities, the same risks, and the same regulatory principles. In particular, our approach to regulating stablecoins is clear: stablecoins are not for investment or speculation, but to facilitate cost reduction, cross-border transactions, and real economic activity. This is why, under the licensing regime, stablecoin licenses are only granted to applicants who have a sustainable and robust business model and real-world use cases."