The President of the Hong Kong Legislative Council called for cautious development of emerging financial systems such as stablecoins and virtual assets.

CoinFeed reported on March 8th that, according to Hong Kong media, Legislative Council President Starry Lee stated that the Legislative Council will fully support and cooperate with Hong Kong in formulating its first Five-Year Plan, emphasizing that Hong Kong will continue to integrate into serving the overall development of the nation. She also put forward suggestions regarding financial and technological development, including improving the functions and regulation of financial markets. Hong Kong delegate to the National People's Congress and Legislative Council member Chan Chun-ying pointed out that the development of emerging financial products such as stablecoins and virtual assets should be approached cautiously. He emphasized that many financial institutions, including banks, securities firms, and insurance companies, have widely adopted artificial intelligence, and he believes that better regulation and oversight of AI are needed to ensure Hong Kong's financial security and prevent problems.