Greater Bay Area

Chen Maobo: Hong Kong will actively and prudently develop digital assets

2026-01-22   

According to the News Service of the Hong Kong Special Administrative Region Government, the Financial Secretary of the Hong Kong Special Administrative Region Government, Paul Chan, stated at the World Economic Forum 2026 Annual Meeting in Davos, Switzerland on the 20th that Hong Kong, as an international financial center, adopts an active and cautious attitude towards the development of digital assets, promoting market responsibility and sustainable development based on the principle of "same activities, same risks, same regulation". Chen Maobo stated that since 2023, Hong Kong has licensed 11 virtual asset trading platforms and will issue stablecoin licenses this year. In addition, the SAR government has also led by example in promoting tokenization development, issuing three batches of tokenized green bonds with a total amount of approximately 2.1 billion US dollars. Chen Maobo said that finance and technology can mutually promote each other, and finance is also a key force in supporting and empowering technological development. As a financial innovation, digital assets not only enhance the transparency, efficiency, inclusiveness, and risk management of financial services, but also effectively guide capital to the real economy sector. During the forum's annual meeting, Chen Maobo met with the Director General of the World Trade Organization, Evira. Chen Maobo stated that Hong Kong, China firmly supports free trade and multilateralism, and supports the reform of the World Trade Organization in response to current challenges, in order to address new issues in international trade with greater flexibility. He also met and exchanged ideas with officials, international organizations, and business leaders from multiple countries, introducing the latest situation and unique advantages of Hong Kong, China. (New Society)

Edit:He Chuanning Responsible editor:Su Suiyue

Source:Xinhua

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