Zhang Xiaojing, director of the Institute of Finance at the Chinese Academy of Social Sciences, said in an exclusive interview with Ta Kung Pao that once the U.S. (cryptocurrency) regulatory framework is released, the world may compete to imitate it. China should also explore this field, otherwise it may lose the initiative in the field of digital assets. It is necessary for Hong Kong to conduct important pilot projects in the field of digital assets and cryptocurrencies. Hong Kong still has a big gap compared with the United States. "There must be a sense of urgency. This task can only be undertaken by Hong Kong at present. Whether it is technology finance, digital finance, or future digital (tokenized) assets, these aspects will be Hong Kong's great advantages and special areas. From the perspective of building a financial power and Hong Kong's positioning, this perspective is more meaningful."