According to online reports, Hong Kong Financial Secretary Paul Chan announced in the 2025 - 26 Budget that he will soon issue a second policy declaration on the development of virtual assets to explore how to combine the advantages of traditional financial services with technological innovation in the field of virtual assets, and Improve the security and flexibility of real economic activities will also encourage local and international companies to explore the innovation and application of virtual asset technology. Chen Maobo reiterated that the government will conduct consultations on the licensing system for over-the-counter trading and custody services of virtual assets within the year. Regarding the supervision of stablecoins, the Hong Kong government has submitted a bill to the Legislative Council. After the bill is passed, the HKMA will approve license applications as soon as possible.