According to PANews, Hong Kong's Financial Secretary, Paul Chan Mo-po, addressed questions at a budget forum regarding U.S. President Donald Trump's proposed cryptocurrency summit and the potential inclusion of five cryptocurrencies in the U.S. strategic reserves. Chan expressed concerns that virtual assets might pose risks to the financial system. He highlighted that Hong Kong was among the first jurisdictions to announce policies on virtual assets. Industry professionals have welcomed the inclusion of virtual assets within a proper regulatory framework, believing that Hong Kong's status as an international financial center provides legitimacy to operations and benefits marketing efforts. Chan also emphasized that Hong Kong is not afraid of competition, as it can foster a favorable business environment.