Hong Kong Financial Secretary Paul Chan Mo-po has emphasized the need for international cooperation to manage the risks associated with the rapid expansion of digital assets. Speaking in the latest issue of the Secretary's Essay, Chan highlighted discussions from the annual meetings of the International Monetary Fund and the World Bank Group, where global economies acknowledged the growing influence of digital assets and blockchain technologies. He noted their potential in enhancing regional trade and improving cross-border settlement efficiency, with stablecoins identified as having significant development potential. Chan urged for strengthened international collaboration to ensure financial system stability amid these advancements.