Foresight News reported on site that at the 9th Hong Kong Fintech Week, the Secretary for Financial Services and the Treasury of Hong Kong, Patrick Hui, stated that Hong Kong will introduce regulations on stablecoins by the end of the year and complete the second round of consultation on regulatory proposals for virtual asset OTC by 2025. In addition, he stated that Hong Kong may provide tax incentives for virtual asset investment in the future, further confirming its role in asset allocation.