Hong Kong has reinforced its commitment to financial innovation by passing the Stablecoin Ordinance, which establishes a licensing system for stablecoin issuance. This regulatory framework aims to manage risks associated with virtual asset activities while promoting innovation. Dr. Cheung Kwok-kwan, Hong Kong's Deputy Secretary for Justice, emphasized at a recent forum that the Basic Law ensures the free flow of capital and funds, with all investment activities being strictly regulated and protected.