Hong Kong's Financial Secretary Paul Chan announced a new licensing system for digital asset trading platforms and stablecoins at the 2025 Caixin Summer Summit. This initiative is designed to integrate financial services with innovation, aiming to attract institutional capital to Hong Kong. The regulatory framework includes licensing for trading platforms and stablecoins, as well as provisions for custody and over-the-counter trading. Julia Leung, CEO of the Hong Kong Securities and Futures Commission, highlighted the significance of this regulatory upgrade for fintech growth. Analysts believe these measures will enhance Hong Kong's reputation as a crypto-friendly jurisdiction, attracting institutional investors and fostering local crypto projects.