Pro-crypto Hong Kong legislator Johnny Ng told Hong Kong media outlet tkww in an interview that "Hong Kong should leverage the advantages of 'one country, two systems' [a framework under which two political systems coexist conditionally within the sovereign territory of China] and explore ways to include Bitcoin in foreign exchange reserves and promote the development of BTC." He continued, "The government can use BTC as a means of enhancing its fiscal strength. Currently, the fiscal deficit has exceeded 100 billion yuan (about 20 trillion won), so holding a small amount of Bitcoin is unlikely to be of much help in resolving the deficit. However, the significance of holding Bitcoin lies not in the increase in wealth but in the preservation of value. Governments and corporates should consider allocating a small amount of Bitcoin to their financial assets, taking into account the balance between risk and return. ```

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