Hong Kong Legislative Council member Yan Gang has stressed the need for Hong Kong to speed up the development of its digital dollar, highlighting its potential to diversify financial products and enhance market influence. He believes that digital currency is a natural fit with the digitalization of finance and can drive innovation in the fintech sector.

By establishing a more efficient payment and financial infrastructure, digital currency can improve the efficiency and convenience of the financial industry. Moreover, developing digital currency in Hong Kong can attract more fintech and blockchain-related companies to the region, cementing Hong Kong's status as an innovation hub in financial technology.

Yan Gang emphasized that the development of digital currency can elevate the technological content of Hong Kong's international financial center and enhance its global status. He suggested that the government should draw lessons from mainland China's experience and collaborate closely with relevant entities to accelerate the digital Hong Kong dollar's progress.

The development of digital currency in Hong Kong is crucial for promoting financial innovation and staying competitive in the global market. By embracing digital currency, Hong Kong can unlock new opportunities for growth and establish itself as a leader in fintech.

Through the development of digital currency, Hong Kong can create a more robust and efficient financial system, attracting businesses and talent from around the world. By actively exploring the advancement of the digital currency economy, Hong Kong can solidify its position as a global financial hub and drive economic growth.