According to Wu, the Financial Secretary of Hong Kong, Paul Chan, pointed out in his latest essay (Accelerating Forward and Sailing Steadily) on June 15 that the development of digital assets has also driven the related businesses of financial institutions. For example, the total trading volume of digital assets and related products by local banks reached HKD 17.2 billion last year; by the end of last year, the total amount of digital assets held in custody by banks reached HKD 5.1 billion. In response to the latest developments and changes in the situation, we will soon issue a second policy declaration on the development of digital assets, outlining the policy vision and direction for the next steps. A series of specific measures include better integration of the advantages of traditional financial services with technological innovations in the digital asset field, enhancing the security and flexibility of digital assets in real economic activities, and encouraging local and international enterprises to explore innovations and applications of digital asset technology. Hong Kong is cautiously advancing the development of stablecoins, providing a new paradigm for the global stablecoin market, and also reflecting our role as a firewall and experimental field under the One Country, Two Systems principle, providing experience and references for the country's financial development.