According to Hong Kong Commercial Daily, the Deputy Secretary for Financial Services and the Treasury of the Hong Kong SAR Government, Chen Haolian, recently stated in an interview that the government will actively develop financial technology and digital assets. The stablecoin issuer system was implemented in August last year, and authorities are formulating legislative proposals for licensing digital asset trading and custody services, aiming to establish a comprehensive regulatory framework to develop Hong Kong into a global digital asset innovation hub. He revealed that a licensed virtual insurance company in Hong Kong has expanded its business into Saudi Arabia and the United Arab Emirates, and tokenized funds from Hong Kong have been listed on Middle Eastern wealth management platforms. Additionally, Asian funds can purchase Islamic bonds ETFs in Hong Kong, providing Middle Eastern investors with a familiar and trustworthy market.