Foresight News reports that Hong Kong Chief Executive John Lee delivered a video speech at Consensus 2026. John Lee stated that Hong Kong is currently one of the world’s most free economies and one of the top three international financial centers globally. Under the principle of “One Country, Two Systems,” Hong Kong maintains a rule of law tradition, an independent judiciary, and a common law system similar to that of global financial centers, with advantages such as free capital flow and low tax rates.
John Lee pointed out that Hong Kong is committed to becoming a global digital asset innovation hub. Over the past few years, the government has actively built a regulatory framework and released the Digital Asset Development Policy Declaration 2.0 in June last year, aiming to establish a trusted and innovative digital asset ecosystem. Notably, the Stablecoins Ordinance implemented in August last year established licensing requirements for fiat-backed stablecoin issuers. The Hong Kong Monetary Authority is actively processing related applications, with the first batch of stablecoin issuer licenses expected to be issued next month.
Additionally, John Lee mentioned that the Hong Kong Securities and Futures Commission (SFC) announced a virtual asset market regulatory roadmap last year, implementing measures to enhance liquidity in the virtual asset market and expand related products and services. Currently, Hong Kong ranks fourth globally in digital competitiveness and fourth in talent ranking, with five universities among the top 100 worldwide. Hong Kong will continue to lead in financial and technological innovation, welcoming global enterprises and institutions to build the digital future together.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
Japanese Payment Giant PayPay Surges 15.6% on Nasdaq IPO Debut, Market Cap Reaches $12.37 Billion
SoftBank-backed Japanese cashless payment company PayPay went public on Nasdaq on March 13, with its stock price rising 15.6% on the first day of IPO, reaching a market cap of $12.37 billion. PayPay has 70 million users and is promoting the combination of digital payments and cryptocurrency through acquiring stakes in cryptocurrency exchanges.
GateNews2h ago
Bitcoin ETF Records $138.48M Daily Inflow While Ethereum ETF Sees Weekly Outflow of $95.35M
Gate News bot message, according to the March 12 update, Bitcoin ETFs recorded a 1-day net inflow of 1,965 BTC (approximately $138.48 million) and a 7-day net inflow of 321 BTC (approximately $22.65 million).
Ethereum ETFs showed a 1-day net inflow of 19,243 ETH (approximately $39.99 million), but
GateNews3h ago
Circle Stock Price Rises 126% From February Low, William Blair Maintains Outperform Rating
Circle's stock price has risen approximately 126% recently, significantly outperforming other cryptocurrency companies, reflecting the resilience of USDC's market share and its leading position in stablecoin infrastructure. Analysts believe stablecoins may become the dominant standard for cross-border payments.
GateNews3h ago
Bitcoin-to-Gold Ratio Shows Bullish Divergence, Bitcoin ETF Net Inflows of $906 Million Over the Past Month
On March 12, Bitcoin's ratio against gold displayed bullish divergence, indicating weakened selling pressure and potentially serving as a reference point for Bitcoin's long-term trend bottom. Bitcoin ETF net inflows reached approximately $906 million, while gold ETF experienced single-day outflows of $3 billion, forming a notable divergence. Despite ETF trading volume being lower than US equities, there remains significant room for institutional capital entry. Historically, Bitcoin has often rebounded following geopolitical turmoil.
GateNews3h ago
WTI Crude Oil April Futures Surge Over 10% Intraday, Breaking Through $96/Barrel
Gate News reports that on March 12, according to Gate data, oil prices continued to rise, with WTI crude oil April futures gaining over 10% intraday, breaking through $96 per barrel.
GateNews3h ago
Goldman Sachs Becomes Largest Holder of XRP ETFs With $153.8 Million in Holdings
Goldman Sachs becomes largest holder of XRP ETFs.
The entity now holds a total of $153.8 million in holdings.
This shows a promising future for the price of XRP.
The crypto community is thrilled to see the slight rise in crypto prices today. Presently, the price of Bitcoin (BTC), the p
CryptoNewsLand4h ago
