Chen Maobo: Stablecoins refuse investment or speculation, and license approval is only for applicants with robust and real use cases

According to Foresight News, Hong Kong Financial Secretary Paul Chan Mo-po spoke at Hong Kong Fintechweek 2025 "Hong Kong's financial regulators have a dual mission, to supervise and promote market development. While encouraging innovation, they must also ensure the true applicability, investor protection, and financial stability of digital asset regulation. Whether it is digital asset trading platforms or stablecoins, 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 for promoting cost reduction, cross-border transactions and real economic activities. This is why the approval of stablecoin licenses under the licensing system is only for applicants with sustainable and robust business models and real use cases.”
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