China Asset Management (Hong Kong): Actively exploring areas such as asset tokenization STO and compliant stablecoin ecology

Zhu Haokang, head of cryptocurrency asset management at Huaxia Fund (Hong Kong), revealed at the 19th Asian Investment Summit that Huaxia Hong Kong is actively exploring asset tokenization STO and compliant stablecoin ecosystems. Zhu Haokang stated that Hong Kong has launched a series of policies and regulatory measures to support the development of the cryptocurrency asset industry in the past two years, leading 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 Cyberport Dollar plan, the Hong Kong Securities and Futures Commission has promoted the virtual asset service provider ("VASP") licensing system, and the Hong Kong Monetary Authority has launched three financial technology innovation sandboxes, including stablecoins.