Hong Kong's Financial Services and Treasury Bureau Director, Paul Hui, announced that only a limited number of stablecoin licenses will be issued initially as part of the city's regulatory framework. While there are no current restrictions on the currency to which stablecoins can be pegged, issuing stablecoins linked to regional currencies may require negotiations with relevant institutions. Hui emphasized the government's role in promoting stablecoin applications in cross-border payments to assist developing countries in managing currency depreciation and financial risks. Looking ahead, Hong Kong plans to advance the tokenization of financial assets. Following the successful issuance of green bonds, the government aims to explore token payment methods for commodities, including ETFs and metals, as part of its broader strategy to integrate blockchain technology into the financial sector.