According to Deep Tide TechFlow, the Legislative Council of the Hong Kong Special Administrative Region has released its first thematic newsletter for 2025 titled "Consolidating Hong Kong's Status as an International Financial Center." The document states that the Legislative Council's Bills Committee is conducting a detailed review of the "Companies (Amendment) (No. 2) Bill 2024" and the "Stablecoin Bill" to introduce mechanisms that facilitate the transfer of overseas registered companies to Hong Kong, as well as to establish a licensing system for fiat-backed stablecoin issuers. In terms of developing financial technology, the Legislative Council's Home Affairs Committee has established a subcommittee to examine the application and development of Web3 and virtual asset technologies in Hong Kong and to propose recommendations for implementing relevant regulations and policies.