Hong Kong Legislative Council Member Tan Yueheng: Accelerate the launch of stablecoin issuance and trading matching the characteristics of the linked exchange rate system

Tan Yueheng, a member of the National Committee of the Chinese People's Political Consultative Conference and a member of the Legislative Council, published an article "Consolidating the status of a financial center and sharing the dividends of deepening reform", which pointed out that in terms of digital finance, the SAR government must continue to develop digital finance and qualified virtual products, conduct beneficial exploration of new financial formats, and promote the development of new quality productivity in the financial industry itself. Hong Kong must promote financial technology companies to participate in the stablecoin sandbox mechanism, accelerate the launch of stablecoin issuance and trading matching the characteristics of the linked exchange rate system; expand the testing scope and implementation scenarios of digital RMB as a cross-border transfer tool; focus on the development of products that link virtual assets to underlying real assets, and convert artworks, real estate, equity and carbon emissions into digital