PANews reported on August 17 that according to Hong Kong Ta Kung Pao Wen Wei Po, Hong Kong Legislative Council member Tam Yue Heng has communicated with Chief Executive Li Jiachao and submitted a proposal for the 2024 Policy Address to him together with other G19 members. Tam Yue Heng emphasized the use of technology to promote the development of new financial formats, including attracting financial technology companies to participate in the stablecoin sandbox mechanism, expanding the scope of testing of digital RMB as a cross-border payment tool, and promoting the development of standardized virtual asset trading platforms and products. Tam Yue Heng proposed to promote the expansion of interconnection and interoperability, accelerate the process of new stock connection, and allow qualified mainland investors to subscribe to Hong Kong IPOs.