Hong Kong has launched its Stablecoin Ordinance, with the Hong Kong Monetary Authority now processing license applications. The government announced that comprehensive legislative proposals for virtual asset trading, custody, and advisory services will be submitted to the Legislative Council in 2026. Concurrent initiatives aim to enhance the region’s status as a financial hub through expanded gold trading, fintech, and sustainable finance.
On January 30, Hong Kong officially launched its Stablecoin Ordinance, as stated in a government announcement. The Hong Kong Monetary Authority (HKMA) is now actively processing license applications for fiat-backed stablecoin issuers.
The Financial Services and the Treasury Bureau (FSTB) and the Securities and Futures Commission (SFC) are developing regulations for virtual asset services. These legislative proposals will be submitted to the Legislative Council in 2026.
The government will also propose enhancing tax advantages for funds and family offices. It is preparing legislation on real estate investment trusts’ repurchase and privatization mechanisms.
Hong Kong aims to become a regional gold hub targeting over 2,000 tons of stored gold within three years. It plans closer cooperation with Shenzhen, Shanghai, and the London Metal Exchange to expand commodities trading.
Authorities will consult on sustainable finance certification and participation in the Greater Bay Area carbon market. For infrastructure, the government will allocate the equivalent of roughly $3.84 billion over the next few years.
