Hong Kong is investigating the tokenization of stable cash flows, such as international shipping charter fees, according to Christopher Hui, Secretary for Financial Services and the Treasury. This initiative aims to place these cash flows on the blockchain, allowing investors to subscribe to them, thereby creating new investment products and enhancing asset traceability. Hui also noted that Hong Kong has passed relevant laws concerning stablecoins, with license applications under review. The issuance of stablecoins is expected to begin next year, focusing on addressing real economic issues like cross-border payments. The initial number of licenses will be limited, with stringent regulatory measures to ensure stability and prevent speculation.