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Xu Zhengyu: 2025 will still promote the healthy development of virtual assets and the Web3 ecosystem

Hong Kong's Secretary for Financial Services and the Treasury, Hui Zhengyu, wrote in his online column "Treasury Theory" that Hong Kong has added virtual assets and other qualifying asset classes. There are currently more than 1,100 fintech companies, with an annual growth rate of 15%. Hong Kong will continue to promote the central bank's digital currency, mobile payment, digital banking, virtual asset trading, etc. Technology applications, and promote the healthy, responsible and sustainable development of Hong Kong's stablecoin and Web3 ecosystem. Looking forward to 2025, Hong Kong will continue to promote the healthy development of fintech, virtual assets and Web3 ecosystems.