Odaily Planet Daily News: The Hong Kong Legislative Council's Web3 and Virtual Assets Development Subcommittee held a meeting yesterday. The Deputy Secretary for Innovation, Technology and Industry of Hong Kong, Zhang Manli, stated that in addition to launching an index to track virtual currencies, the Hong Kong SAR government is also studying legislative proposals to implement a regulatory system for stablecoin issuers in Hong Kong. It is expected that a relevant proposal framework will be submitted to the Legislative Council later this year. She will also further discuss with the Financial Secretary and the Monetary Authority to ensure that price changes of stablecoins can be appropriately reflected in the index to support the development of stablecoins and virtual asset trading centers in Hong Kong. (Ta Kung Wen Wei Po)