Paul Chan: Expect to issue a stablecoin license later this year, adopting a proactive yet cautious approach to developing digital assets.

MarsBitNews · 2026-01-21T01:58:56+00:00

Paul Chan participated in the World Economic Forum in Davos, emphasizing the synergistic role of finance and technology, and highlighting Hong Kong's active development of digital assets to enhance transparency and efficiency. Hong Kong has issued licenses to 11 virtual asset exchanges, promoted tokenization development, and issued green bonds.

MarsBitNews

2026-01-21 01:58:56

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Breaking News from Mars Finance: According to the Hong Kong Economic Daily, Hong Kong Financial Secretary Paul Chan Mo-po continued to participate in the World Economic Forum Annual Meeting in Davos, Switzerland yesterday (January 20, Davos time). In the morning, he attended a special speech segment by Vice Premier He Lifeng at the forum.

Paul Chan stated that finance and technology can promote each other. Taking digital assets as an example, this financial innovation not only enhances transparency, efficiency, inclusiveness, and risk management of financial services but also more effectively guides capital into the real economy; additionally, finance is a key force supporting and empowering technological development.

Paul Chan pointed out that Hong Kong, as an international financial center, adopts an active yet cautious approach to developing digital assets and promotes responsible and sustainable market development based on the principle of “same activity, same risk, same regulation.” Since 2023, Hong Kong has licensed 11 virtual asset trading platforms and is expected to issue a stablecoin license later this year. Furthermore, the SAR government leads by example in promoting tokenization development, including issuing three batches of tokenized green bonds totaling approximately $2.1 billion; and launching a regulatory sandbox to encourage application innovation.

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