[Hong Kong Deputy Secretary for Justice: The Basic Law Safeguards Free Flow of Capital, Stablecoin Regulations Effectively Manage Risks] BlockBeats News, September 19, according to a press release from the Hong Kong government, Dr. Cheung Kwok-kwan, Deputy Secretary for Justice of Hong Kong, stated in a forum speech: 'Hong Kong's Basic Law safeguards the free flow of capital and funds. All investment and business activities are also strictly regulated and protected, with an established regulatory framework that upholds integrity while fostering innovation, ensuring the orderly and healthy development of emerging industries. In August this year, the Stablecoin Ordinance, which pertains to digital currencies, was passed. It establishes a licensing system for stablecoin issuance, enhances the regulatory framework for virtual asset activities, effectively manages risks, and promotes financial innovation.'