Paul Chan emphasizes Hong Kong's advancements in fintech, highlighted by new virtual asset policies aimed at enhancing regulatory clarity. The second reading of the Stablecoin Bill is scheduled for May 21, which may boost institutional engagement and impact virtual asset prices.
Chan's speech outlined upcoming releases for virtual asset policies and an improved vision for financial technology. The positive reception from the financial community demonstrates confidence in Hong Kong's regulatory environment.
With significant growth in the Global Financial Center Index for fintech, Hong Kong positions itself as a competitive international financial hub, attracting investment and innovation.
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