PANews reported on April 30 that Hong Kong Financial Services and the Treasury Bureau Secretary Paul Chan said in a speech at the Legislative Council meeting on April 30 that the second reading debate on the Appropriation Bill 2025 was resumed. According to the latest Global Financial Center Index report, Hong Kong's ranking in financial technology has further jumped five places to fourth in the world. We will take a multi-pronged approach to promote the vigorous development of financial technology and enhance the competitiveness of Hong Kong's financial services industry to better support the real economy. In terms of virtual assets, we are about to release the second virtual asset policy declaration to elaborate on the next policy vision and direction. At the same time, we will consult on the licensing system for virtual asset over-the-counter trading and custody services as soon as possible this year. The second reading debate on the Stablecoin Bill is scheduled to resume at the Legislative Council meeting on May 21. After the relevant bill is passed, the HKMA (Hong Kong Monetary Authority) will review the license application as soon as possible. The above measures will continue to improve our framework that emphasizes both supervision and market development, and further promote the vigorous development of Hong Kong's virtual asset ecosystem.