Chan Mo-po: Hong Kong’s digital asset development and regulation have already outpaced Europe’s.

Hong Kong’s Financial Secretary Paul Chan published a column titled “The Financial Secretary’s Notes,” stating that the effective use of blockchain and artificial intelligence technologies represents an inevitable trend for the future development of finance. However, this also presents real governance challenges—for instance, criminals and terrorists attempting to exploit regulatory differences across jurisdictions for money laundering and fundraising activities. Hong Kong’s principles, practices, and experience in digital asset development and regulation are ahead of those in Europe, offering ample room for collaboration and mutual learning. Such cooperation can not only promote healthy industry development but also contribute to global governance.