Legislator Chau Tak-yan: Hong Kong will improve the RWA and stablecoin framework to create a "certainty" passport for global innovation and technology development

ME News message, on April 19 (UTC+8), at the “Lian Dong World, Future Without Boundaries” frontier technology forum, Qu Dan-ken, a Legislative Council Member of the Hong Kong Special Administrative Region (Technology Innovation Sector), delivered a speech. He clearly pointed out that Hong Kong has gone beyond mere “technology racing,” and is seizing the world’s leading heights in global innovation and technology governance through top-level design.

Member Qu emphasized that Hong Kong’s pioneering explorations in the regulation of Web3 and RWA (real-world assets) are fundamentally aimed at providing “rule-of-law certainty” for global innovation and technology forces. With the continued improvement of the stablecoin regulatory framework and the virtual asset licensing regime, starting a business in Hong Kong is not only about technological implementation, but also about obtaining a “globally valid pass.”

Regarding future planning, Member Qu called on the industry to make use of Hong Kong’s top scientific research resources, and to connect the “last hundred meters from the laboratory to Central exchange trading counters,” accelerating the integration of AI productivity and Web3 value protocols. He reiterated that Hong Kong will leverage its unique gene of “backing the motherland and connecting the world,” to officially transform from a participant in global innovation and technology into a rule leader. (Source: ME News)