香港立法會議員吳亦凡敦促將比特幣逐步納入香港金融儲備體系

吳的建議是在中國「一國兩制」政策背景下提出的，旨在將比特幣定位為戰略儲備資產

Hong Kong legislator Charles Wu has put forth an interesting suggestion: adding Bitcoin to the city-state's national reserves. This proposal, framed within the context of China’s “one country, two systems” policy, has sparked discussion regarding the potential implications for Hong Kong’s financial stability.

香港立法會議員吳釗燮提出了一個有趣的建議：將比特幣加入這個城市國家的國家儲備。這項提議是在中國「一國兩制」政策背景下提出的，引發了有關對香港金融穩定潛在影響的討論。

In an interview with the state-owned Wen Wei Po newspaper, Wu highlighted the importance of studying the market effects of Bitcoin exchange-traded funds (ETFs) as an initial step. He noted that some jurisdictions, like El Salvador and Bhutan, have already integrated Bitcoin into their national reserves, while some U.S. states are also considering similar moves.

在接受國營媒體《文匯報》採訪時，吳強調了作為第一步研究比特幣交易所交易基金（ETF）市場影響的重要性。他指出，薩爾瓦多和不丹等一些司法管轄區已經將比特幣納入其國家儲備，而美國的一些州也正在考慮採取類似措施。

Leveraging Global Trends

利用全球趨勢

Wu’s proposal aligns with a broader global trend, where Bitcoin is increasingly viewed as a potential store of value.“If major economic powers incorporate Bitcoin into their strategic reserves, it could lead to greater price stability and prompt other nations to follow suit,” Wu stated. He believes such a move would reduce reliance on traditional assets like gold and government bonds, potentially transforming the way financial stability is achieved.

吳的提議符合更廣泛的全球趨勢，即比特幣越來越被視為一種潛在的價值儲存手段。 ，並促使其他國家效仿，」吳指出。他認為此舉將減少對黃金和政府債券等傳統資產的依賴，並有可能改變實現金融穩定的方式。

The legislator also referred to U.S. President-elect Donald Trump’s recent remarks suggesting that Bitcoin could be classified as a strategic reserve asset.“This could significantly impact traditional markets, signaling Bitcoin’s growing acceptance in the financial ecosystem,” Wu added.

這位立法者還提到了美國當選總統唐納德·川普最近的言論，暗示比特幣可以被歸類為戰略儲備資產。的接受度越來越高，」吳補充道。

Bitcoin’s Growing Influence

比特幣的影響力與日俱增

For Hong Kong, in this fast-changing global financial environment, adding Bitcoin to its national reserves can provide some edge. “Bitcoin has high trading volume and liquidity, making the asset more viable than smaller cryptocurrencies and even gold,” Wu noted. He further points to the current investments of the Hong Kong Monetary Authority into digital assets within its broader diversification efforts.

對於香港來說，在這個快速變化的全球金融環境中，將比特幣納入其國家儲備可以提供一些優勢。 「比特幣具有很高的交易量和流動性，使得該資產比較小的加密貨幣甚至黃金更可行，」吳指出。他進一步指出，香港金融管理局目前在其更廣泛的多元化努力中對數位資產進行了投資。

But Wu was quick to hedge a little, urging gradualism—first the Bitcoin ETFs that will help to act like an opener to more and more Bitcoins being infused into Hong Kong’s financial plumbing system. “We should focus on assets with high liquidity like Bitcoin, rather than smaller, less stable currencies,” emphasized Wu.

但吳很快就進行了一些對沖，敦促漸進主義——首先是比特幣 ETF，這將有助於為越來越多的比特幣注入香港的金融管道系統打開大門。 「我們應該關注比特幣等流動性高的資產，而不是規模較小、穩定性較差的貨幣，」吳強調。

Challenges and Opportunities in the Hong Kong Market

香港市場的挑戰與機遇

Despite the growing interest in blockchain and digital currencies within Hong Kong, its regulatory environment has received criticism. For example, while Singapore has issued 13 crypto licenses in 2024 alone, Hong Kong has moved more slowly to approve crypto platform licenses, which caused some exchanges to withdraw applications. In contrast, Singapore has adopted an open approach to crypto regulation, thus far making it a more welcoming destination for crypto firms.

儘管香港對區塊鏈和數位貨幣的興趣日益濃厚，但其監管環境仍受到批評。例如，儘管新加坡僅在 2024 年就頒發了 13 個加密貨幣許可證，但香港在批准加密貨幣平台許可證方面進展緩慢，導致一些交易所撤回申請。相比之下，新加坡對加密貨幣監管採取了開放的態度，迄今為止使其成為更受加密貨幣公司歡迎的目的地。

It is also the case that Hong Kong’s regulatory stance has been limited by its relationship with mainland China, which still maintains tight bans on cryptocurrency trading. This makes things even more complex for crypto companies operating in Hong Kong as they have to comply with both local and mainland regulations.

香港的監管立場也因其與中國大陸的關係而受到限制，中國大陸仍然對加密貨幣交易保持嚴格的禁令。對於在香港運營的加密貨幣公司來說，這使得事情變得更加複雜，因為它們必須遵守當地和內地的法規。

Bitcoin as a Stabilizing Asset

比特幣作為穩定資產

Wu’s vision for Bitcoin in Hong Kong’s financial reserves is rooted in the belief that Bitcoin could serve as a stabilizing force amid market volatility. The potential for Bitcoin to act as a hedge against economic instability is a compelling argument, especially in light of the increasing adoption of digital currencies worldwide. As more countries explore integrating Bitcoin into their reserves, Hong Kong could position itself as a pioneer in the digital asset space.

吳對香港金融儲備中比特幣的願景植根於比特幣可以在市場波動中發揮穩定力量的信念。比特幣作為對沖經濟不穩定的工具的潛力是一個令人信服的論據，特別是考慮到數位貨幣在全球範圍內的日益普及。隨著越來越多的國家探索將比特幣納入其儲備，香港可以將自己定位為數位資產領域的先驅。

In addition to Wu’s call for Bitcoin, another Hong Kong lawmaker, Johnny Ng, has expressed support for incorporating cryptocurrency into the region’s financial reserves. Ng’s initiative, however, met with mixed responses from the Hong Kong government, with some officials, including Joseph Chan, Secretary for Financial Services and the Treasury, stating that cryptocurrencies are not currently a priority for the Exchange Fund.

除了吳呼籲比特幣之外，另一位香港議員吳約翰尼也表示支持將加密貨幣納入該地區的金融儲備。然而，吳恩達的倡議得到了香港政府的不同回應，包括財經事務及庫務局局長陳元祖在內的一些官員表示，加密貨幣目前並不是外匯基金的優先考慮事項。

Global Crypto Trends and Hong Kong’s Position

全球加密貨幣趨勢及香港的地位

The conversation surrounding Bitcoin’s role in national reserves is not limited to Hong Kong. Countries such as Japan, Russia, and even the European Union have similarly been toying with the idea of adding Bitcoin into their fiscal reserves. Though some already rule out such an option completely, others stay open toward it, meaning Bitcoin’s functions in traditional finance are a long way from being fixed.

圍繞比特幣在國家儲備中的作用的討論不僅限於香港。日本、俄羅斯甚至歐盟等國家也同樣在考慮將比特幣納入其財政儲備。儘管有些人已經完全排除了這種選擇，但有些人對此持開放態度，這意味著比特幣在傳統金融中的功能距離解決還有很長的路要走。

While Hong Kong still struggles with its regulatory framework, it has been a very active player in developing this fledgling area of cryptocurrency. Whether Bitcoin is or will be included as part of Hong Kong’s national reserves, the ongoing moves in the city to embrace digital currencies speak volumes about staying at the forefront of financial innovation worldwide.

儘管香港仍在其監管框架方面苦苦掙扎，但它在開發這一新興的加密貨幣領域方面一直非常積極。無論比特幣是否被納入香港國家儲備的一部分，香港正在採取的擁抱數位貨幣的舉措充分說明了其處於全球金融創新的前沿。

A Future-Ready Hong Kong

面向未來的香港

In conclusion, Wu’s proposal to add Bitcoin to Hong Kong’s national reserves marks a bold move toward integrating cryptocurrency into the region’s financial system. As global interest in digital assets continues to rise, Hong Kong has the opportunity to lead by example, balancing innovation with regulatory caution to ensure long-term financial stability. The ongoing developments in Bitcoin’s adoption may pave the way for other jurisdictions to follow, making this a critical moment in the evolution of global financial markets.

總之，吳提出將比特幣納入香港國家儲備的提議標誌著將加密貨幣納入該地區金融體系的大膽舉措。隨著全球對數位資產的興趣持續上升，香港有機會以身作則，平衡創新與謹慎監管，以確保長期金融穩定。比特幣採用的持續發展可能為其他司法管轄區的效仿鋪平道路，使其成為全球金融市場演變的關鍵時刻。