PANews reported on February 21 that according to Hong Kong media Ming Pao, Hong Kong Financial Secretary Michael Wong Wai-lun said that the Hong Kong government will further improve the supervision and framework of virtual assets, continue to promote the wider application of tokenization technology in the capital market, improve the development of relevant systems and formulate industry standards. In addition, Hong Kong is active and proactive in the development of financial technology, such as publishing the "Policy Declaration on the Responsible Application of Artificial Intelligence in Financial Markets" in October last year, and supervising the issuers of legal currency stablecoins and submitting the "Stablecoin Bill" in December last year.