Deputy Financial Secretary of Hong Kong: Promoting the development of stable currencies will appropriately increase safety guardrails to avoid being exploited by criminals

According to Foresight News, according to Zhitong Finance, Hong Kong Deputy Financial Secretary Huang Weilun emphasized when attending the event that the financial market needs to strive for innovation to expand the Hong Kong stock market. When promoting the development of stablecoins, the government will adopt the strategy of "seeking stability and accuracy" and appropriately increase safety guardrails to ensure safety and avoid being exploited by criminals. In addition, the Hong Kong government is actively expanding the capacity of gold storage facilities, aiming to increase the total capacity to 2,000 tons in the next three years. It has invited the Shanghai Gold Exchange to participate and plans to put into operation a gold central clearing system within this year.
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