On May 21, the Legislative Council of the Hong Kong Special Administrative Region passed the Stablecoin Bill. In response to an inquiry from the 21st Century Economic Report reporter, Ma Fei, head of digital assets and fintech at Standard Chartered Hong Kong, said, “We welcome the passage of the Stablecoin Bill by the Legislative Council and look forward to the formal implementation of the regulations later this year, while strengthening Hong Kong's position as an international financial center. As announced earlier, Standard Chartered Hong Kong is teaming up with Anbi Group and Hong Kong Telecom to set up a joint venture. It is hoped to apply for a license from the Hong Kong Monetary Authority to issue stablecoins linked to the Hong Kong dollar under the new regulatory system. As the relevant draft is approved, we are stepping up related preparations and will announce more details in due course.”

On May 21, the Legislative Council of the Hong Kong Special Administrative Region passed the Stablecoin Bill. In response to an inquiry from the 21st Century Economic Report reporter, Ma Fei, head of digital assets and fintech at Standard Chartered Hong Kong, said, “We welcome the passage of the Stablecoin Bill by the Legislative Council and look forward to the formal implementation of the regulations later this year, while strengthening Hong Kong's position as an international financial center. As announced earlier, Standard Chartered Hong Kong is teaming up with Anbi Group and Hong Kong Telecom to establish a joint venture, hoping to apply for a license from the Hong Kong Monetary Authority to issue stablecoins linked to the Hong Kong dollar under the new regulatory system. As the relevant draft is approved, we are stepping up related preparations and will announce more details in due course.”