BlockBeats News: On January 12, according to the Hong Kong Economic Journal, Hong Kong Financial Secretary Paul Chan Mo-po stated at the 2026 Budget Public Consultation Forum that Hong Kong’s current stablecoin policy development is progressing well and will continue to advance related work step by step. In response to suggestions from citizens to use gold as a stablecoin peg target, Paul Chan Mo-po replied that the government will consider this possibility after completing the first phase of the stablecoin framework. Currently, relevant research is already underway, but he emphasized the need for cautious handling. This forum is part of the Hong Kong government’s public consultation on the new fiscal budget, which will be officially announced on the 25th of next month.
