Hong Kong Financial Secretary Paul Chan Mo-po announced at the Davos Forum that the city plans to issue its first stablecoin-related licenses later this year. This move aligns with Hong Kong's regulatory approach of "same activities, same risks, same regulation" to foster the digital asset sector. Currently, Hong Kong has licensed 11 virtual asset trading platforms and issued tokenized green bonds worth approximately $2.1 billion. Chan highlighted the potential of digital assets to enhance financial efficiency and risk management, underscoring their role in integrating the real economy with technology. The issuance of stablecoin licenses is part of Hong Kong's broader strategy to advance its digital asset infrastructure.