Hong Kong has issued two stablecoin issuer licenses this month, marking a significant step in its commitment to integrating Web3 and AI technologies. Financial Secretary Paul Chan announced the development during the 2026 Hong Kong Web3 Festival, highlighting the city's role as a global financial hub embracing digital innovation. Chan emphasized the transformative potential of combining Web3 and AI, describing it as a "game-changer" for financial institutions seeking efficiency and cost reduction. Hong Kong has already issued over $2 billion in tokenized green and infrastructure bonds. To further this integration, the city will establish an "AI+ and Industry Development Strategy Committee" to foster the application of these technologies across various sectors.