According to online reports, the Financial Secretary of the Hong Kong SAR Government, Paul Chan, said at the 2025 Caixin Summer Summit that Hong Kong has launched a digital asset trading platform licensing system and a stablecoin licensing system, and is promoting regulatory arrangements for custody and over-the-counter transactions. "This month, we will issue our second policy declaration on the development of digital assets in Hong Kong, focusing on the combination of financial services and innovation and expanding the application scenarios of digital assets."