Hong Kong is set to enhance its digital asset regulations over the next 18 months as part of its strategy to become a global fintech hub. At the recent Foresight 2024 annual summit, David Chiu, a member of Hong Kong's Legislative Council, outlined the city's plans to attract global technology talent, build new infrastructure, and implement strong regulatory frameworks. One of the key focuses will be introducing legislation related to stablecoins, with laws expected to be in place by the end of 2024.The Hong Kong Monetary Authority (HKMA) has already launched a sandbox for stablecoin issuers, including prominent participants such as Jingdong Coinlink Technology and a coalition involving Standard Chartered Bank. These developments align with Hong Kong’s broader goal of fostering innovation while maintaining strict oversight to ensure the security and integrity of digital asset transactions​.