Hong Kong General Chamber of Commerce recommends that the government consider allowing the issuance of RMB stablecoins

According to TechFlow, the Hong Kong General Chamber of Commerce has submitted a proposal for the Financial Secretary's upcoming Budget. Chen Ruijuan, executive vice chairman of the Hong Kong General Chamber of Commerce, suggested that the Hong Kong government consider allowing the issuance of RMB stablecoins or stablecoins linked to a basket of currencies (including RMB, Hong Kong dollar or US dollar stablecoins), and at the same time establish a virtual asset interconnection plan, with the daily maximum transaction volume initially set at approximately HK$20 billion.