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Hong Kong Financial Secretary: Stablecoin Reserve Assets Should Only Be Held in High-Quality, Liquid Assets
Summary: According to reports from the Hong Kong SAR Government, Hong Kong Financial Secretary Paul Chan Mo-po stated at the Hong Kong Digital Finance Awards 2025 ceremony that the licensing system for stablecoin issuers will help promote the development of substantive application scenarios, address pain points faced by the real economy, and has set proper requirements ...
According to reports from the Hong Kong SAR Government, Hong Kong Financial Secretary Paul Chan Mo-po stated at the Hong Kong Digital Finance Awards 2025 ceremony that the licensing system for stablecoin issuers will help promote the development of substantive application scenarios, address pain points faced by the real economy, and has set proper requirements for reserve asset management, stability mechanisms, redemption processes, and prudent risk management. For example, reserve assets must never fall below the value that can be redeemed at any time. At the same time, reserve assets should only be held in high-quality, liquid assets. Market participants are welcome to provide suggestions on how the government can lead, experiment with, and use licensed stablecoins.
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Link: Hong Kong Financial Secretary: Stablecoin Reserve Assets Should Only Be Held in High-Quality, Liquid Assets [Copy]
