According to Techub News and the Ming Pao report, Financial Secretary Chen Maobo stated at the "Wealth Management Expo 2025" that embracing digital assets is an inevitable development. Recently, Hong Kong has passed licensing for virtual asset trading platforms, issuing approximately 10 licenses, with 8 more in processing. With the stablecoin regulations set to take effect on August 1st this year, Hong Kong becomes one of the first global jurisdictions to establish a stablecoin regulatory framework.
Chen Maobo said that under the current international political and financial landscape, Hong Kong has performed impressively as an international financial center since last year and is steadily moving forward. He is confident that Hong Kong can become a safe haven for funds. Chen further noted that finance is a crucial engine for Hong Kong's economic development. He predicts that within the next 2 to 3 years, Hong Kong will surpass Switzerland to become the world's top cross-border asset management center. He emphasized that Hong Kong currently handles nearly 80% of global offshore RMB transactions, which consolidates and enhances its position as an offshore RMB trading hub, demonstrating its role in aligning with national strategies.
