China Asset Management (Hong Kong): Is actively exploring areas such as asset tokenization STO and compliant stablecoin ecosystem

Zhu Haokang, head of crypto asset management at China Asset Management (Hong Kong), revealed at the 19th Asian Investment Summit that Huaxia Hong Kong is actively exploring areas such as asset tokenization STO and compliant stablecoin ecology. Zhu Haokang said that Hong Kong has introduced a series of policies and regulatory measures to support the development of the crypto asset industry in the past two years, and is at the forefront of the world. Since the release of the Virtual Asset Declaration at the end of last year, Hong Kong has established the Web3.0 Association, launched the Digital Hong Kong Dollar Project, the Hong Kong Securities Supervision Commission has promoted the virtual asset service provider ("VASP") license system, and the HKMA has launched three financial technology innovation sandboxes including stablecoins.