Deputy Secretary for Justice of Hong Kong: The Basic Law guarantees the free flow of capital, and the stablecoin regulation effectively manages risks

ChainCatcher news, according to a press release from the Hong Kong government, Dr. Zhang Guojun, Deputy Secretary for Justice of Hong Kong, stated in a forum event: "The Hong Kong Basic Law guarantees the free flow of capital and funds, and all investments and business activities are subject to strict regulation and protection. It also establishes a regulatory framework that upholds integrity and innovation, ensuring that emerging businesses can develop in an orderly and healthy manner. This year, the Stablecoin Ordinance was just passed, which establishes a licensing system for the issuance of stablecoins, promoting financial innovation through the improvement of the regulatory framework for virtual asset activities and effective risk management."