Wu said that the Acting Secretary for Financial Services and the Treasury of Hong Kong, Chen Haolian, stated at the Caixin Summer Summit that the government will release the second virtual asset development policy declaration within 2025. The plan aims to combine the traditional financial advantages of Hong Kong with virtual asset technology to enhance the security and flexibility of the real economy, and to encourage local and international enterprises to explore innovative applications. He pointed out that the stablecoin regulations will come into effect on August 1, which will help strengthen financial security and boost long-term investment confidence in the industry under a transparent and predictable regulatory framework.