Paul Chan: Hong Kong is expected to issue its first batch of stablecoin licenses this year.

PANews reported on January 21 that Hong Kong Financial Secretary Paul Chan Mo-po stated at the Davos Forum that Hong Kong will issue its first batch of stablecoin-related licenses later this year, implementing the principle of "same activities, same risks, same regulation" to steadily promote the development of digital assets. Currently, licenses have been issued to 11 virtual asset trading platforms, and three batches of tokenized green bonds totaling approximately US$2.1 billion have been issued. He emphasized that digital assets can improve financial efficiency and risk management, and are also a key force in promoting the integration of the real economy and technology.