香港政府早些时候发布了“关于香港虚拟资产开发的政策声明”以及交易平台许可系统的实施为行业发展奠定了坚实的基础。

香港政府较早发布的“关于香港虚拟资产发展的政策声明”以及交易平台许可系统的实施为行业发展奠定了坚实的基础。

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.

香港政府较早发布的“关于香港虚拟资产发展的政策声明”以及交易平台许可系统的实施为行业发展奠定了坚实的基础。今天提起的“ Stablecoin法案”的立法工作旨在进一步规范合法货币稳定的发行人。在保护用户的权利和利益的同时，它还将有助于国际化RMB的国际化和香港离岸金融业务的发展。

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.

据了解，法案委员会已在法案草案上举行了六次会议。政府已经完全倾听了委员会成员和行业的意见，并对该法案进行了相应的修正案。在讨论期间，该行业对法案的内容提出了许多建议，尤其是在指定StableCoins的提供者和销售目标时。有些人认为，应扩大批准的提供商的范围，以商店价值支付设施被许可人，并指出允许商店价值付款设施持牌人出售合法货币稳定股份的范围将有助于促进其广泛使用。

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，议员吴·吉兹（Wu Jiezhuang）作为法案委员会成员，也分享了他对促进《稳定法案》通过的过程的看法：

1. From the perspective of national development

1。从国家发展的角度

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.

香港的促进稳定剂将有助于全球高质量的发展。香港具有“一个国家，两个系统”的独特优势，虚拟资产的发展也可以强调香港独特系统的好处。世界各地已经开始积极促进与稳定币有关的讨论和立法，相关的发展显然将有助于当地货币的国际发展。

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.

法案中的稳定币基于法定货币资产。我认为，不同应用程序的发行人将探索并考虑使用各种货币作为资产。除了香港美元或美元之外，我认为还可以探索和考虑包括基本资产在内的资产。据信以合规结构促进此事有利于国家国际化的国家战略。作为国际金融中心，香港对Stablecoin法规的改进还将有助于促进香港离岸RMB商业枢纽的发展，并帮助促进国际化的RMB的国际化也可以为自己带来巨大的商机。

2. From the perspective of Hong Kong development

2。从香港发展的角度

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.

立法的通过将进一步巩固国际金融中心的地位，并积极加快成为Web3国际中心的促进。香港在开发虚拟资产和稳定币方面具有良好的固有优势，包括合理的法律基础，自由资本流，国际环境和世界一流的才能。此外，香港得到了世界第二大经济体祖国的支持。将来，随着Stablecoins的应用和使用逐渐增加，人们认为这将有助于香港的经济再次发展。

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.

近年来，香港一直在积极开发Web3，并取得了一些结果。但是，由于流动性不足和过度严格的监管，它仍处于起步阶段。要在世界上取得领先，我们必须加快速度，抓住主动权，并有勇气领导领导。

3. Expectations for the future

3。对未来的期望

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政府能够加强与行业的沟通，并共同促进Stablecoins的应用程序和生态系统。我认为立法只是最基本的步骤和开始。重点是未来的应用程序覆盖范围，应用程序方案的多元化，国际认可，甚至是储备金，以及全球使用的稳定币的交易量。它可以逐渐促进稳定的经济和数字经济的结合，这将有助于强调香港合规的稳定稳定的优势。

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.

香港一直拥有巨大的商品贸易量。例如，香港的全球商品贸易量在2024年达到94.645亿港元。稳定的特征从金融创新的角度解决了传统金融体系的痛点，并且可以加速贸易转帐和交易的完成。政府和行业应共同努力促进相关行业和应用程序的实施，并与合规技术（Reg-Tech）合作，以确保稳定，安全和逐步的广泛使用。

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，我还希望SAR政府在介绍相关法律之后，根据市场和行业的实际需求和意见，进一步改善产品的市场属性。世界各地的许多行业内部人士都在暗示，为了提高稳定的吸引力和双向发行，使它们在市场上更有价值，包括链上的兴趣。 Stablecoins的发行人将将相关的合法储备资产投资于极低风险的项目，例如主权债券。通过投资获得的这些利益可以将来直接交付给Stablecoin持有人，以增加Stablecoin持有人的收入。此外