The Hong Kong Financial Authorities recently sent an important signal. Benefiting from the momentum of the financial markets, stamp duty revenue has increased significantly, which may allow Hong Kong's accounts to turn profitable ahead of schedule. More notably, there is a shift in attitude towards the virtual asset ecosystem—when asked whether a stablecoin pegged to gold would be launched, the relevant official stated that they will develop the stablecoin ecosystem gradually. His exact words were: "First, make the first step solid, then consider schemes linked to gold or other assets step by step, but the entire process needs to be cautious." This reveals a clear policy approach—Hong Kong is not entirely rejecting stablecoin innovation but is setting priorities, with infrastructure and risk control measures to be in place first. Regarding the regulatory framework for virtual currencies, relevant departments are also continuously exploring balanced solutions for growth and risk prevention.