Deputy Secretary for Justice of Hong Kong: The Basic Law guarantees the free flow of capital, and the stablecoin regulations effectively manage risks

ChainCatcher news, Dr. Zhang Guojun, Deputy Secretary for Justice of Hong Kong, stated in his speech at the China-ASEAN Commercial Law Forum: "The Hong Kong Basic Law guarantees the free flow of capital and funds, and all investments and business activities are also subject to strict regulation and protection.

We have also established a regulatory framework that upholds integrity and innovation to ensure the orderly and healthy development of emerging businesses. For example, this year we just passed the Stablecoin Ordinance, which is a licensing system for the issuance of digital currency, establishing a regulatory framework for virtual asset activities and effectively managing risks to promote financial innovation."