Christopher Hui of Hong Kong's Financial Services and the Treasury Bureau: Stablecoin Issuer Licensing Regime Will Drive the Development of Real-World Use Cases

According to Jinse Finance, at the Hong Kong Digital Finance Awards 2025 ceremony today, Christopher Hui, Secretary for Financial Services and the Treasury of Hong Kong, stated that Hong Kong is vigorously promoting the development of digital assets. The city has gradually established a regulatory framework that balances risk management, investor protection, and industry growth, fostering the sustainable development of Hong Kong’s digital asset ecosystem. Hui mentioned that the Hong Kong Stock Exchange has developed the city’s first digital asset indices, providing investors in the Asian time zone with transparent and reliable Bitcoin and Ethereum price benchmarks, supporting Hong Kong’s ambition to become Asia’s leading digital asset hub. The stablecoin issuer licensing regime, which will be implemented next month, will help advance the development of practical application scenarios and further support Hong Kong’s emergence as a top digital asset center in Asia.