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

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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 said Hong Kong has developed into the third-ranked global financial center in the global financial center index and the top financial center in Asia, providing a solid foundation for Web3 innovation.

He said that the Digital Asset Development Policy Declaration 2.0 released last year proposed the LEAP framework, covering four pillars: optimizing legal and regulatory oversight (L), expanding the types of tokenized products (E), advancing application scenarios and cross-industry cooperation (A), and developing talent and cooperation partners (P).

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

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