Hong Kong balancing financial security, innovation as nation’s ‘firewall’: Paul Chan

Hong Kong has struck a balance between financial security and innovation in its strategic roles as a “testing ground” and “firewall” for the nation’s reform and opening up, the city’s finance chief has said. Financial Secretary Paul Chan Mo-po said on Sunday that security was core to the objective of achieving high-quality development as geopolitical tensions fuel risks in global financial markets and energy supplies. As Hong Kong rolled out the first batch of stablecoin licences last week, t...

By Denise Tsang