According to Hong Kong Commercial Daily, Chen Haolian, Deputy Director of the Financial Services and the Treasury Bureau of the Hong Kong Special Administrative Region Government, recently said in an interview that the government will actively develop financial technology and digital assets. The stablecoin issuer regime was implemented in August last year, and the authorities are drafting legislative proposals for licensing digital asset trading and custody services, with the goal of establishing a comprehensive regulatory framework and developing 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 that Hong Kong’s tokenized funds have been launched on Middle East wealth management platforms. In addition, Asian funds can purchase the Islamic bonds ETF in Hong Kong, providing Middle East investors with a familiar and trusted market.