According to online reports, Hong Kong Financial Development Council Chairman Hung Pi-zheng recently presided over the annual report conference, saying that stablecoins should not be the target of hype. Asset market digitization is a long game. Stablecoin should play a stabilizing role and should not be short-sighted. I believe that Hong Kong is currently developing at a pace that is in other financial centers. Hong Pizheng also revealed that stablecoins are one of the links in the digitization of Hong Kong's financial market, allowing transaction currency intermediaries to be tokenized. I believe that the next step will be tokenized for different assets, but the development process will take time and will not be fully tokenized for the time being.