Hong Kong Financial Secretary Deputy: Stablecoin development will "prioritize stability before progress," and the gold central clearing system is expected to be operational within the year.

2026-01-16 08:48:37

Mars Finance News, according to Aastocks, Hong Kong Financial Secretary Deputy Secretary Wong Wai-lun delivered a speech at an event discussing digital assets and crypto assets. He stated that Hong Kong will further promote the development of stablecoins in the future but emphasized “stability first, progress later,” to prevent illegal fund inflows and ensure the robustness of the financial system. Additionally, Wong Wai-lun pointed out that Hong Kong is actively expanding its gold storage capacity, aiming to increase the total capacity to 2,000 tons within the next three years. Currently, a central gold clearing system is being established, with the Shanghai Gold Exchange invited to participate, aiming to be operational within this year.

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