Deputy Secretary for Financial Services and the Treasury of Hong Kong, Chen Haolian: Hong Kong is building a comprehensive digital asset regulatory framework, providing a solid foundation for Web3 innovation

ChainCatcher on-site report: Hong Kong Financial Services and the Treasury Bureau Deputy Secretary, Chen Haolian, delivered a keynote speech at the 2026 Hong Kong Web3 Carnival. He pointed out that Hong Kong has developed into the world’s third-largest financial center index and the number one international financial center in Asia, providing a solid foundation for Web3 innovation.

He stated that the Digital Asset Development Policy Declaration 2.0 released last year proposed the LEAP framework, covering four main pillars: optimizing legal regulation (L), expanding the variety of tokenized products (E), promoting application scenarios and cross-sector collaboration (A), and developing talent and partners (P).

He revealed that Hong Kong currently has more than 10 licensed trading platforms, the Hong Kong Monetary Authority has issued the first two stablecoin issuer licenses this month, and the SAR government issued the third batch of tokenized green bonds last year, the largest in the world. The government is also actively developing regulatory systems for digital asset trading service providers and custodial service providers.