PANews July 4th news, according to Zhitong Finance, on July 4th, at the Hong Kong Digital Finance Awards 2025 ceremony, Hong Kong Secretary for Financial Services and the Treasury, Hui Ching-yu, stated that Hong Kong is vigorously promoting the development of digital assets and has gradually established a regulatory framework that balances risk management, investor protection, and industry development to facilitate the sustainable development of Hong Kong's digital asset ecosystem. He mentioned that the Hong Kong Stock Exchange has developed the first batch of digital asset indices in Hong Kong, providing investors with transparent and reliable Bitcoin and Ethereum price benchmarks within the Asian time zone, supporting Hong Kong's development as Asia's leading digital asset center. The licensing system for stablecoin issuers, which will be implemented next month, will help advance the development of substantial application scenarios, supporting Hong Kong's development as Asia's leading digital asset center.
