Odaily Planet Daily reports that the Secretary for Financial Services and the Treasury of Hong Kong, Xu Zhengyu, pointed out in his online column (Finance and Treasury Discussion) that Hong Kong has added virtual assets as a qualified asset category. Currently, there are over 1,100 fintech companies, with an annual growth of 15%. Hong Kong will continue to promote the technological applications of central bank digital currencies, mobile payments, digital banking, and virtual asset trading, and facilitate the healthy, responsible, and sustainable development of Hong Kong's stablecoins and the Web3 ecosystem. With the implementation of the licensing system for virtual asset trading platforms, Hong Kong is steadily advancing in virtual asset regulation, with seven trading platforms already licensed, providing a robust and secure trading environment for market participants. We have also submitted the (Stablecoin Bill) to the Legislative Council, aiming to establish a regulatory framework that is both suited to local circumstances and aligned with international standards and practices. Looking ahead to 2025, Hong Kong will work hand in hand with the industry to promote the healthy development of fintech, virtual assets, and the Web3 ecosystem, injecting new momentum into Hong Kong's future economic growth.