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According to CoinWorld, Hong Kong media Hong Kong 01 reports that Hong Kong Executive Council member and former Hong Kong Monetary Authority Chief Executive Norman Chan Tze-kiang stated that the evolution of geopolitical dynamics has increased the importance of the Hong Kong dollar's peg to the US dollar, and he directly said, "The Hong Kong dollar is actually the largest stablecoin of the US dollar." Norman Chan pointed out that by 2025, Hong Kong will hold approximately 256 billion US dollars in US Treasury bonds, a scale larger than any so-called US dollar stablecoin currently. Therefore, Hong Kong's financial direction is very clear: to maintain the linked exchange rate system. Hong Kong is the most active US dollar market in Asia. If the Hong Kong dollar is not allowed to continue pegging to the US dollar, forcing a large buyer to sell off would not be wise.