Odaily Planet Daily News: The Secretary for Financial Services and the Treasury of Hong Kong, Hui Zhengyu, stated in the Legislative Council that a bill will be submitted to the Legislative Council within this year to regulate the issuance of fiat-backed stablecoins. Regarding the application of artificial intelligence in the financial market, a policy declaration was issued last month to clarify the government's policy position and guidelines, promoting the responsible use of artificial intelligence in the financial services industry and accelerating the cultivation of new productive forces in a localized manner. Additionally, efforts will continue in various directions to promote the broader application of tokenization technology in the capital market, optimize various aspects of the mBridge project platform, further expand the participation of public and private institutions, and continue to develop and improve the relevant system development and industry standards for the tokenization market through the Ensemble project. (Hong Kong Government News Bulletin)