According to Odaily Planet Daily, Dr. Zhang Guojun, Deputy Secretary for Justice of the Hong Kong Department of Justice, said in his speech at the China-ASEAN Commercial Law Forum: "Hong Kong's Basic Law guarantees the free flow of capital and funds, and all investment and commercial activities are subject to strict supervision and protection. We have also established a regulatory framework that upholds integrity and innovation to ensure the orderly and healthy development of emerging businesses. Let me give you an example. The Stablecoin Ordinance, which was just passed in August this year, establishes a licensing system for the issuance of stablecoins. By improving the regulatory framework for virtual asset activities and effectively controlling risks, we can promote financial innovation." (Hong Kong Government Press Release)

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