The Hong Kong General Chamber of Commerce submitted a proposal suggesting the consideration of issuing a renminbi stablecoin and establishing a virtual asset connectivity plan

ChainCatcher news, according to the Economic News Agency, the Hong Kong General Chamber of Commerce has submitted a proposal regarding the upcoming "Financial Budget" to be announced by the Financial Secretary. The Executive Vice Chairman of the Hong Kong General Chamber of Commerce, Chen Ruijuan, suggested that the authorities consider allowing the issuance of a renminbi stablecoin or a stablecoin pegged to a basket of currencies (including renminbi, Hong Kong dollar, or US dollar stablecoins), while also establishing a virtual asset connectivity program with an initial daily trading limit set at approximately HKD 20 billion.