香港政府早些時候發布了“關於香港虛擬資產開發的政策聲明”以及交易平台許可系統的實施為行業發展奠定了堅實的基礎。

香港政府較早發布的“關於香港虛擬資產發展的政策聲明”以及交易平台許可系統的實施為行業發展奠定了堅實的基礎。

The Hong Kong government's earlier release of the "Policy Statement on the Development of Virtual Assets in Hong Kong" and the implementation of the trading platform licensing system have laid a solid foundation for the development of the industry. The legislative work of the "Stablecoin Bill" being promoted today aims to further regulate the issuers of legal currency stablecoins. While protecting the rights and interests of users, it will also help the internationalization of the RMB and the development of Hong Kong's offshore financial business.

香港政府較早發布的“關於香港虛擬資產發展的政策聲明”以及交易平台許可系統的實施為行業發展奠定了堅實的基礎。今天提起的“ Stablecoin法案”的立法工作旨在進一步規範合法貨幣穩定的發行人。在保護用戶的權利和利益的同時，它還將有助於國際化RMB的國際化和香港離岸金融業務的發展。

It is understood that the Bill Committee has held six meetings on the draft bill. The government has fully listened to the opinions of the committee members and the industry and made corresponding amendments to the bill. During the discussion, the industry made a number of suggestions on the content of the bill, especially in specifying the providers and sales targets of stablecoins. Some people believe that the scope of approved providers should be expanded to store value payment facility licensees, and some people point out that allowing store value payment facility licensees to sell legal currency stablecoins will help promote their widespread use.

據了解，法案委員會已在法案草案上舉行了六次會議。政府已經完全傾聽了委員會成員和行業的意見，並對該法案進行了相應的修正案。在討論期間，該行業對法案的內容提出了許多建議，尤其是在指定StableCoins的提供者和銷售目標時。有些人認為，應擴大批准的提供商的範圍，以商店價值支付設施被許可人，並指出允許商店價值付款設施持牌人出售合法貨幣穩定股份的範圍將有助於促進其廣泛使用。

Today, Councillor Wu Jiezhuang, as a member of the bill committee, also shared his views on the process of promoting the passage of the stablecoin bill:

今天，議員吳·吉茲（Wu Jiezhuang）作為法案委員會成員，也分享了他對促進《穩定法案》通過的過程的看法：

1. From the perspective of national development

1。從國家發展的角度

Hong Kong's promotion of stablecoins will help high-quality global development. Hong Kong has the unique advantage of "one country, two systems", and the development of virtual assets can also highlight the benefits of Hong Kong's unique system. Various parts of the world have begun to actively promote discussions and legislation related to stablecoins, and related developments will obviously help the international development of local currencies.

香港的促進穩定劑將有助於全球高質量的發展。香港具有“一個國家，兩個系統”的獨特優勢，虛擬資產的發展也可以強調香港獨特系統的好處。世界各地已經開始積極促進與穩定幣有關的討論和立法，相關的發展顯然將有助於當地貨幣的國際發展。

The stablecoins in the Bill are based on fiat currency assets. I believe that the issuers of different applications will explore and consider using various currencies as assets. In addition to Hong Kong dollars or US dollars, I believe that assets including offshore RMB as the underlying assets can also be explored and considered. Promoting this matter in a compliant structure is believed to be conducive to the national strategy of RMB internationalization. As an international financial center, Hong Kong's improvement of stablecoin regulation will also help promote the development of Hong Kong's offshore RMB business hub, and helping to promote the internationalization of RMB can also bring huge business opportunities for itself.

法案中的穩定幣基於法定貨幣資產。我認為，不同應用程序的發行人將探索並考慮使用各種貨幣作為資產。除了香港美元或美元之外，我認為還可以探索和考慮包括基本資產在內的資產。據信以合規結構促進此事有利於國家國際化的國家戰略。作為國際金融中心，香港對Stablecoin監管的改進還將有助於促進香港離岸RMB商業樞紐的發展，並幫助促進RMB的國際化也可以為自己帶來巨大的商機。

2. From the perspective of Hong Kong development

2。從香港發展的角度

The passage of legislation will further consolidate the status of an international financial center and actively accelerate the promotion of becoming an international center for Web3. Hong Kong has good inherent advantages in developing virtual assets and stablecoins, including a sound legal basis, free capital flow, an international environment and world-class talents. In addition, Hong Kong is backed by the motherland, the world's second largest economy. In the future, with the gradual increase in the application and use of stablecoins, it is believed that it will help Hong Kong's economy to develop rapidly again.

立法的通過將進一步鞏固國際金融中心的地位，並積極加快成為Web3國際中心的促進。香港在開發虛擬資產和穩定幣方面具有良好的固有優勢，包括合理的法律基礎，自由資本流，國際環境和世界一流的才能。此外，香港得到了世界第二大經濟體祖國的支持。將來，隨著Stablecoins的應用和使用逐漸增加，人們認為這將有助於香港的經濟再次發展。

Hong Kong has been actively developing Web3 in recent years and has achieved some results. However, due to insufficient liquidity and overly strict regulation, it is still in its infancy. To take a leading position in the world, we must speed up, seize the initiative, and have the courage to take the lead.

近年來，香港一直在積極開發Web3，並取得了一些結果。但是，由於流動性不足和過度嚴格的監管，它仍處於起步階段。要在世界上取得領先，我們必須加快速度，抓住主動權，並有勇氣領導領導。

3. Expectations for the future

3。對未來的期望

I hope that the SAR government will strengthen communication with the industry and jointly promote the application scenarios and ecosystem of stablecoins. I think legislation is just the most basic step and a beginning. The focus is on future application coverage, diversification of application scenarios, international recognition and even as a reserve, and the transaction volume of stablecoins used globally. It can gradually promote the use of stablecoins in the combination of the real economy and the digital economy, which will help highlight the advantages of Hong Kong's compliant stablecoins.

我希望SAR政府能夠加強與行業的溝通，並共同促進Stablecoins的應用程序和生態系統。我認為立法只是最基本的步驟和開始。重點是未來的應用程序覆蓋範圍，應用程序方案的多元化，國際認可，甚至是儲備金，以及全球使用的穩定幣的交易量。它可以逐漸促進穩定的經濟和數字經濟的結合，這將有助於強調香港合規的穩定穩定的優勢。

Hong Kong has always had a huge total merchandise trade volume. For example, Hong Kong's global merchandise trade volume reached HK$9,464.5 billion in 2024. The characteristics of stablecoins solve the pain points of the traditional financial system from the perspective of financial innovation, and can accelerate the completion of trade transfers and transactions. The government and the industry should work together to promote the implementation of related industries and application scenarios, and cooperate with the application of compliance technology (reg-tech) to ensure stable, safe, and gradual widespread use.

香港一直擁有巨大的商品貿易量。例如，香港的全球商品貿易量在2024年達到94.645億港元。穩定的特徵從金融創新的角度解決了傳統金融體系的痛點，並且可以加速貿易轉帳和交易的完成。政府和行業應共同努力促進相關行業和應用程序的實施，並與合規技術（Reg-Tech）合作，以確保穩定，安全和逐步的廣泛使用。

Furthermore, I also expect the SAR government to further improve the market attributes of the product in stages according to the actual needs and opinions of the market and the industry after introducing relevant laws. Many industry insiders around the world have been suggesting that in order to increase the attractiveness and two-way circulation of stablecoins and make them more valuable in the market, including on-chain interest. The issuer of stablecoins will invest the relevant legal currency reserve assets in extremely low-risk projects, such as sovereign bonds. These interests obtained through investment can be considered to be delivered directly to stablecoin holders in the future to increase the income of stablecoin holders. In addition

此外，我還希望SAR政府在介紹相關法律之後，根據市場和行業的實際需求和意見，進一步改善產品的市場屬性。世界各地的許多行業內部人士都在暗示，為了提高穩定的吸引力和雙向發行，使它們在市場上更有價值，包括鏈上的興趣。 Stablecoins的發行人將將相關的合法儲備資產投資於極低風險的項目，例如主權債券。通過投資獲得的這些利益可以將來直接交付給Stablecoin持有人，以增加Stablecoin持有人的收入。此外