香港立法会议员吴亦凡敦促将比特币逐步纳入香港金融储备体系

吴的建议是在中国“一国两制”政策背景下提出的，旨在将比特币定位为战略储备资产

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.

香港立法会议员吴钊燮提出了一个有趣的建议：将比特币添加到这个城市国家的国家储备中。这项提议是在中国“一国两制”政策背景下提出的，引发了有关对香港金融稳定潜在影响的讨论。

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.

在接受国有媒体《文汇报》采访时，吴强调了作为第一步研究比特币交易所交易基金（ETF）市场影响的重要性。他指出，萨尔瓦多和不丹等一些司法管辖区已经将比特币纳入其国家储备，而美国的一些州也在考虑采取类似举措。

Leveraging Global Trends

利用全球趋势

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.

吴的提议符合更广泛的全球趋势，即比特币越来越被视为一种潜在的价值储存手段。“如果主要经济大国将比特币纳入其战略储备，可能会带来更大的价格稳定性，并促使其他国家效仿，”吴指出。他认为此举将减少对黄金和政府债券等传统资产的依赖，有可能改变实现金融稳定的方式。

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.

这位立法者还提到了美国当选总统唐纳德·特朗普最近的言论，暗示比特币可以被归类为战略储备资产。“这可能会对传统市场产生重大影响，表明比特币在金融生态系统中的接受度越来越高，”吴补充道。

Bitcoin’s Growing Influence

比特币的影响力与日俱增

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.

对于香港来说，在这个快速变化的全球金融环境中，将比特币纳入其国家储备可以提供一些优势。 “比特币具有很高的交易量和流动性，使得该资产比较小的加密货币甚至黄金更可行，”吴指出。他进一步指出，香港金融管理局目前在其更广泛的多元化努力中对数字资产进行了投资。

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.

但吴很快就进行了一些对冲，敦促渐进主义——首先是比特币 ETF，这将有助于为越来越多的比特币注入香港的金融管道系统打开大门。 “我们应该关注比特币等流动性高的资产，而不是规模较小、稳定性较差的货币，”吴强调。

Challenges and Opportunities in the Hong Kong Market

香港市场的挑战与机遇

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.

尽管香港对区块链和数字货币的兴趣日益浓厚，但其监管环境仍受到批评。例如，尽管新加坡仅在 2024 年就颁发了 13 个加密货币许可证，但香港在批准加密货币平台许可证方面进展缓慢，导致一些交易所撤回申请。相比之下，新加坡对加密货币监管采取了开放的态度，迄今为止使其成为更受加密货币公司欢迎的目的地。

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.

香港的监管立场也因其与中国大陆的关系而受到限制，中国大陆仍然对加密货币交易保持严格的禁令。对于在香港运营的加密货币公司来说，这使得事情变得更加复杂，因为它们必须遵守当地和内地的法规。

Bitcoin as a Stabilizing Asset

比特币作为稳定资产

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.

吴对香港金融储备中比特币的愿景植根于比特币可以在市场波动中发挥稳定力量的信念。比特币作为对冲经济不稳定的工具的潜力是一个令人信服的论据，特别是考虑到数字货币在全球范围内的日益普及。随着越来越多的国家探索将比特币纳入其储备，香港可以将自己定位为数字资产领域的先驱。

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.

除了吴呼吁比特币之外，另一位香港议员吴约翰尼也表示支持将加密货币纳入该地区的金融储备。然而，吴恩达的倡议得到了香港政府的不同回应，包括财经事务及库务局局长陈元祖在内的一些官员表示，加密货币目前并不是外汇基金的优先考虑事项。

Global Crypto Trends and Hong Kong’s Position

全球加密货币趋势及香港的地位

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.

围绕比特币在国家储备中的作用的讨论并不局限于香港。日本、俄罗斯甚至欧盟等国家也同样在考虑将比特币纳入其财政储备。尽管一些人已经完全排除了这种选择，但另一些人对此持开放态度，这意味着比特币在传统金融中的功能距离解决还有很长的路要走。

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.

尽管香港仍在其监管框架方面苦苦挣扎，但它在开发这一新兴的加密货币领域方面一直非常积极。无论比特币是否被纳入香港国家储备的一部分，香港正在采取的拥抱数字货币的举措充分说明了其处于全球金融创新的前沿。

A Future-Ready Hong Kong

面向未来的香港

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.

总之，吴提出将比特币纳入香港国家储备的提议标志着将加密货币纳入该地区金融体系的大胆举措。随着全球对数字资产的兴趣持续上升，香港有机会以身作则，平衡创新与谨慎监管，以确保长期金融稳定。比特币采用的持续发展可能为其他司法管辖区的效仿铺平道路，使之成为全球金融市场演变的关键时刻。