TechFlow reports on January 21 that according to the Hong Kong Economic Times, Financial Secretary Paul Chan continued participating in events at the World Economic Forum Annual Meeting in Davos, Switzerland yesterday (January 20, Davos time). In the morning, he attended a special address delivered by Vice Premier He Lifeng of the State Council during the forum.
Paul Chan stated that finance and technology can mutually reinforce each other. Taking digital assets as an example, this financial innovation not only enhances transparency, efficiency, inclusiveness, and risk management in financial services but also channels capital more effectively into the real economy. Furthermore, finance is also a key enabler and supporter of technological advancement.
Chan pointed out that as an international financial center, Hong Kong actively yet prudently develops its digital asset sector, promoting responsible and sustainable market growth under the principle of "same activity, same risk, same regulation." Since 2023, Hong Kong has issued licenses to 11 virtual asset trading platforms and expects to release stablecoin licensing later this year. Additionally, the SAR government has led by example in advancing tokenization, including issuing three tranches of tokenized green bonds totaling approximately USD 2.1 billion, and launching a regulatory sandbox to encourage innovative applications.
