Hong Kong's Chief Executive John Lee has announced plans to advance the city's digital asset framework, including the introduction of a stablecoin issuer system. In his fourth policy address, Lee stated that the Hong Kong Monetary Authority will promote tokenized deposits by commercial banks and facilitate real tokenized asset trading. Legislative proposals are being drafted to license digital asset trading and custody services, aiming to strengthen Hong Kong's position in the digital finance sector. Additionally, the city is enhancing international tax cooperation to combat cross-border tax evasion.