The Financial Secretary of Hong Kong spoke:

1. To steadily and prudently promote the development of the virtual asset industry in Hong Kong, while actively embracing innovation, we must have appropriate and up-to-date regulatory support, properly manage risks, and create prerequisites for the orderly and vigorous development of the market.

2. The realization of the potential of encryption and the innovation of applications require the development of related technologies and the entire ecosystem, including tokens, virtual asset exchanges, Yuanverse development, and innovative applications of securities issuance, trade finance, etc. in the form of "tokenization" .