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Hong Kong Financial Secretary: Stablecoin Development to Focus on Stability First and Then Progress, Gold Central Clearing System Expected to Be Operational This Year

2026.01.16 16:28:53

On January 16, Aastocks reported that Hong Kong Financial Secretary Paul Chan Mo-po touched on digital and crypto assets in his opening remarks at an event. He stated Hong Kong will further promote stablecoin development going forward, but emphasized a "stability-first-before-progress" approach to prevent illegal fund inflows and ensure financial system stability. Additionally, Chan noted Hong Kong is actively expanding its gold storage capacity, aiming to reach 2,000 metric tons total within three years. A central gold clearing system is now being built, with the Shanghai Gold Exchange invited to participate; operations are set to launch this year.
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