Svmuu News: In remarks delivered at an event, Hong Kong’s Deputy Financial Secretary, Wong Wai-lun, addressed the topics of digital assets and cryptocurrencies. He stated that Hong Kong will further promote the development of stablecoins in the future, but emphasized the principle of “stability before progress” to prevent the inflow of illicit funds and ensure the soundness of the financial system. In addition, Wong noted that Hong Kong is actively expanding the capacity of its gold storage facilities, with a goal of increasing total capacity to 2,000 tons over the next three years. The city is currently establishing a central gold clearing system and has invited the Shanghai Gold Exchange to participate, aiming to launch the system within this year. (Sina Finance)