Li Jiachao: Hong Kong is implementing a stablecoin issuer system
2025-09-17 05:21:17
On September 17, Li Jiachao, the Chief Executive of the Hong Kong Special Administrative Region, said in his fourth policy address during his tenure that the Hong Kong Monetary Authority will promote commercial banks to launch tokenized deposits and promote real tokenized asset transactions. For example, using tokenized deposits to settle tokenized money market funds, assisting the government in normalizing the issuance of tokenized bonds, and encouraging banks to strengthen risk management through regulatory sandboxes. Li Jiachao said that Hong Kong is implementing a stablecoin issuer system and formulating legislative proposals on the licensing system for digital asset trading and custody services. The Hong Kong Securities Supervision Commission is studying to expand the types of digital asset products and services that can be provided to professional investors under the premise of fully protecting investors, while strengthening international tax cooperation to combat cross-border tax evasion. (Shanghai Securities Report)
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
Previous article：
李家超：香港正落实稳定币发行人制度Next article：
4E：英美拟深化加密合作，谷歌AI支付协议集成稳定币
