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Deputy Secretary for Financial Services and the Treasury of Hong Kong, Chen Hao-lian: 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 Hao-lian delivered a keynote speech at the 2026 Hong Kong Web3 Carnival. He pointed out that Hong Kong has developed into the third-ranked global financial center index and the number one 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 types of tokenized products (E), promoting application scenarios and cross-sector cooperation (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 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.