Hong Kong Legislative Council member David Chiu said at the FORESIGHT 2024 Summit that a sound exchange system should be established and that stablecoin-related legislation will be introduced soon. Stablecoins may appear in Hong Kong by the end of this year, and sandbox testing has already been carried out. In addition, it is planned to improve the supervision and enforcement of legislation related to digital asset financial products within one to one and a half years, and the next step will be to encourage project parties to explore more innovative financial products in Hong Kong.