PANews, July 20 news, according to the Hong Kong Economic Journal, the Chairman of the Hong Kong Financial Development Council, Hong Pi-zheng, recently stated at the annual report press conference that stablecoins should not become objects of speculation, and the digitalization of the asset market is a long-term game. Stablecoins should play a stabilizing role and should not have a short-sighted perspective. He believes that Hong Kong's development pace is currently faster than that of other financial centers. Hong Pi-zheng also revealed that stablecoins are one of the components of the digitalization of Hong Kong's financial market, allowing the tokenization of currency intermediation. He believes that the next step will involve the tokenization of different assets, but the development process will take time, and full tokenization will not happen for the time being.