Hong Kong's Deputy Secretary for Financial Services and the Treasury, Chen Haolian: Hong Kong is building a comprehensive regulatory framework for digital assets, providing a solid foundation for Web3 innovation

ChainCatcher reported live that the Deputy Secretary for Financial Services and the Treasury of Hong Kong, Chan Ho Lam, delivered a keynote speech at the 2026 Hong Kong Web3 Carnival. He pointed out that Hong Kong has developed into the third global financial center index and the first international financial center in Asia, providing a solid foundation for Web3 innovation.

He stated that the digital asset development policy declaration 2.0 released last year proposed the LEAP framework, which covers four pillars: optimizing legal regulation (L), expanding the variety of tokenized products (E), promoting application scenarios and cross-border cooperation (A), and developing talent and partnerships (P).

He revealed that there are currently over 10 licensed trading platforms in Hong Kong, and the Monetary Authority has issued the first two stablecoin issuer licenses this month. The SAR government issued the third batch of tokenized green bonds last year, which is the largest scale globally, and is actively formulating regulatory systems for digital asset trading service providers and custodial service providers.

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