Hong Kong Financial Secretary Paul Chan said the city will continue to embrace financial innovation with an open stance while advancing digital asset exchanges and stablecoins under an approach that gives equal weight to regulation and development. He made the remarks in Bangkok while attending the annual meetings of the International Monetary Fund and the World Bank Group.
Chan said Hong Kong would move forward in these areas in a prudent manner and with the aim of serving the real economy more effectively. He also outlined broader policy priorities, saying the city’s first Five-Year Plan will align with the country’s 15th Five-Year Plan and focus on building the "four centers and one high ground."
He added that Hong Kong will deepen its "Finance +" strategy to support different industries and provide venture capital, patient capital and long-term funding for innovation and technology. The remarks were cited from a Hong Kong government press release.
Hong Kong Financial Secretary Paul Chan said the city will embrace financial innovation with an open stance while advancing digital asset exchanges and stablecoins through an approach that balances regulation and development.
Chan made the remarks in Bangkok during the annual meetings of the International Monetary Fund and the World Bank Group. He said Hong Kong would move ahead in these areas in a prudent manner so they can better serve the real economy.
He also said Hong Kong’s first Five-Year Plan will align with the country’s 15th Five-Year Plan, with a focus on building the "four centers and one high ground." In addition, the city will deepen its "Finance +" effort to support different industries and provide venture capital, patient capital and long-term funding for innovation and technology.
The information was published in a Hong Kong government press release.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
