According to Wu Shuo, as reported by Dongwang, when asked whether he would consider including digital assets and cryptocurrencies in the financial reserves and whether he would consider using the foreign exchange fund to continuously purchase and hold them long-term, Hong Kong's Acting Secretary for Financial Services and the Treasury, Chen Haolian, replied that the foreign exchange fund invests in a globally diversified range of asset classes and markets to diversify risks and enhance long-term returns. Cryptographic assets are not target assets for the foreign exchange fund's investments. The Monetary Authority's external investment managers also invest in a globally diversified range of asset classes and markets, and while there may be individual investments involving cryptographic assets in the investment operations of external investment managers at different times, their proportion is very small. In addition, the Treasury Bureau will consult the Legislative Council's Financial Affairs Committee this year on regulating the issuance of fiat-backed stablecoins, and will submit related draft regulations to the Legislative Council within this month. Regarding over-the-counter trading services for virtual assets, the authorities are adjusting recommendations based on the results of a public consultation conducted earlier this year and will conduct a second round of public consultation next year. Next year, a proposed licensing system for regulating virtual asset custodian service providers will also be put forward.