Odaily Planet Daily News: Hong Kong's Secretary for Financial Services and the Treasury, Christopher Hui, stated in an interview that the first phase of stablecoin regulation will only issue a small number of licenses. Regarding whether it is possible to issue a Renminbi stablecoin, he noted that there are currently no restrictions on pegged currencies, but if it involves the currencies of other regions, it may require consultation with relevant institutions. Hui pointed out that the government will take the lead in promoting the use of stablecoins in applications such as cross-border payments, assisting developing countries in coping with currency depreciation and financial system risks. He also revealed that Hong Kong will promote the tokenization of financial assets in the future, and after green bonds, the next step will explore token payment methods for ETFs and commodities like metals.