According to ChainCatcher, Hong Kong's Deputy Secretary for Financial Services and the Treasury, Chan Ho-lim, called on investors to participate in virtual currency trading through licensed exchanges.

Chan Ho-lim said that the Hong Kong government is working hard to build the entire ecosystem, and Invest Hong Kong is currently actively promoting related companies to expand their business in Hong Kong. The ecosystem of virtual assets includes exchanges, virtual asset exchange-traded funds, and central bank digital currencies (CBDCs) and other products.

The Hong Kong government has completed consultation on the regulation of stablecoins and is currently preparing relevant legislation to be submitted to the Legislative Council for deliberation.