**Hong Kong Eyes Bitcoin for Financial Reserves**

Hong Kong legislator Wu Jiexhuang is urging the region to leverage China's "one country, two systems" policy to incorporate Bitcoin into its national reserves. He suggests studying the impact of U.S.-based Bitcoin ETFs and notes smaller nations like El Salvador have already integrated Bitcoin into their reserves.

Jiexhuang believes Bitcoin could attract talent and investment, enhancing financial stability. He argues that if major economies adopt Bitcoin as a reserve asset, it could stabilize its value and reduce reliance on traditional assets. Hong Kong's Financial Services Bureau plans to develop crypto regulations to support this initiative.