The Hong Kong General Chamber of Commerce has submitted a proposal to consider issuing a RMB stable currency and establishing a virtual asset connect

The Hong Kong General Chamber of Commerce has submitted a proposal on the upcoming "Budget" by the Financial Secretary. The Executive Vice Chairman of the Hong Kong General Chamber of Commerce, Chen Ruijuan, suggested that the government consider allowing the issuance of RMB stablecoins or stablecoins linked to a basket of currencies (including RMB, Hong Kong dollars or US dollars stablecoins), and also establish a virtual asset connectivity plan with an initial daily trading limit of HKD 20 billion.