The Hong Kong Legislative Council has released its first special newsletter for 2025: the stablecoin bill is being scrutinized in detail

The Legislative Council of Hong Kong released the first special newsletter in 2025 "Strengthening Hong Kong's status as an international financial center". The special newsletter is a new service launched by the Parliamentary Affairs Division of the Legislative Council Secretariat in December 2024. The latest special newsletter states: The Bills Committee of the Legislative Council is scrutinizing in detail the Companies (Amendment) (No. 2) Bill 2024 and the Stablecoin Bill to introduce a mechanism to facilitate the change of domicile of overseas registered companies to come to Hong Kong, and the introduction of a licensing system for fiat currency stablecoin issuers. On the development of financial technology, the House Committee of the Legislative Council has set up a sub-committee to review the application and development of Web3 and virtual asset technology in Hong Kong and make recommendations on the implementation of relevant laws and policies.