John Lee: Hong Kong Committed to Establishing a Global Digital Asset Innovation Hub

Odaily News Hong Kong Special Administrative Region Chief Executive John Lee stated in a post for the Consensus Hong Kong conference that the Hong Kong government is committed to establishing Hong Kong as a global digital asset innovation hub. Lee pointed out that with the "one country, two systems" framework, deep financial market liquidity, and a robust investor protection mechanism, Hong Kong possesses significant advantages in promoting the steady development of the Web3 ecosystem. Currently, the Hong Kong Monetary Authority is about to issue the first batch of stablecoin licenses, with the initial licenses expected to be granted next month. Meanwhile, the Securities and Futures Commission of Hong Kong is dedicated to deepening the liquidity of the virtual asset market to further facilitate development in this sector.