According to Wu, the Secretariat of the Legislative Council of Hong Kong recently released a "Special Bulletin," summarizing the latest developments and policy measures in financial services. The bulletin points out that Hong Kong continues to make progress in areas such as asset management, capital market connectivity, green finance, and financial technology. Among the topics mentioned, the "Stablecoin Bill" is currently under review, aiming to introduce a licensing system for stablecoin issuers, providing a specific regulatory framework for the virtual asset industry. In addition, the Internal Affairs Committee of the Legislative Council has established a subcommittee to examine the application and development of Web3 and virtual asset technologies in Hong Kong, and to propose recommendations for the implementation of relevant laws and policies.