CryptoNewsFlash reports that Hong Kong Financial Secretary Paul Chan Mo-po stated that the approval of the first batch of stablecoin licenses in Hong Kong should be seen as the beginning of a broader push into digital assets and blockchain finance. He emphasized that Hong Kong is open to Web3 companies but hopes that the industry’s standards for evaluation are no longer just slogans but whether they can solve real-world problems. Chan Mo-po pointed out that the application of stablecoins in cross-border payments is one of the most clear use cases, helping to reduce friction in cross-border fund flows. He also mentioned that Hong Kong’s progress in tokenized bonds, with over $2 billion worth issued, demonstrates concrete achievements by the government in this field. Next, Hong Kong will establish a dedicated committee to explore the integration of Web3 and artificial intelligence, marking that officials have begun to go beyond the single category of digital assets.