Wu Shuo learned from Hong Kong Commercial Daily that Hong Kong Financial Secretary Paul Chan recently stated that benefiting from improved financial market performance driving increased stamp duty revenue, Hong Kong's operating account is expected to return to surplus ahead of schedule. In response to a suggestion from an audience member to launch a stablecoin pegged to gold, Paul Chan replied that stablecoins will be developed progressively, and after completing the first step, he will consider suggestions for pegging to gold or other assets, emphasizing the need for careful handling. Additionally, he pointed out that virtual currency is part of financial innovation, and Hong Kong should embrace it, but it needs to be brought into an appropriate regulatory framework to prevent risks, and strengthen publicity and education for investors.
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Wu Shuo learned from Hong Kong Commercial Daily that Hong Kong Financial Secretary Paul Chan recently stated that benefiting from improved financial market performance driving increased stamp duty revenue, Hong Kong's operating account is expected to return to surplus ahead of schedule. In response to a suggestion from an audience member to launch a stablecoin pegged to gold, Paul Chan replied that stablecoins will be developed progressively, and after completing the first step, he will consider suggestions for pegging to gold or other assets, emphasizing the need for careful handling. Additionally, he pointed out that virtual currency is part of financial innovation, and Hong Kong should embrace it, but it needs to be brought into an appropriate regulatory framework to prevent risks, and strengthen publicity and education for investors.