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BlockBeats news, on November 3, Hong Kong's Financial Secretary Paul Chan stated at Hong Kong Fintechweek 2025 that Hong Kong's financial regulators have a dual mission: to regulate and to promote market development. While encouraging innovation, it is also essential to ensure the true applicability of digital asset regulation, investor protection, and financial stability. This applies equally to both digital asset trading platforms and stablecoins, as we pursue the same activities, the same risks, and the same regulatory principles. In particular, our regulatory approach to stablecoins is clear: stablecoins are not for investment or speculation, but to facilitate cost reduction, cross-border transactions, and real economic activities. This is why under the licensing system, the approval of stablecoin licenses is only available to applicants with a sustainable and robust business model and real use cases.