香港立法会议员吴杰庄建议将比特币纳入财政储备

政治家兼企业家、香港立法会议员和全国政协委员吴杰庄呼吁将比特币纳入香港的财政储备。

A member of the Hong Kong Legislative Council has called for the inclusion of Bitcoin in the city’s fiscal reserves.

香港立法会的一名议员呼吁将比特币纳入香港的财政储备。

Lawmaker Wu Jiezhuang made the proposal during an interview with pro-Beijing newspaper Wen Wei Po, which was established in Hong Kong on September 9, 1948.

立法会议员吴介庄在接受1948年9月9日在香港成立的亲北京报纸《文汇报》采访时提出了这一建议。

Wu's remarks, featured in a special topic piece dated December 30, highlighted that “including Bitcoin in the national financial reserves is not a new idea,” emphasizing the fact that a number of smaller countries have already adopted BTC as a legal currency. Wu further pointed out: “Some states in the USA have also legislated that 10% of their reserves be in Bitcoin, allowing for more diversified asset allocation.”

吴的言论在 12 月 30 日的专题文章中强调，“将比特币纳入国家金融储备并不是一个新想法”，并强调了一些较小国家已经采用比特币作为法定货币的事实。吴进一步指出：“美国一些州还立法规定10%的储备是比特币，允许资产配置更加多元化。”

He added that if US President-elect Donald Trump were to “aggressively promote the inclusion of Bitcoin into government strategic reserves,” it would have a global impact, especially on traditional reserve assets. Wu used this context to urge the Hong Kong Special Administrative Region (SAR) government to consider whether to “incorporate digital assets and cryptocurrencies into financial reserves,” including the possibility of using the Exchange Fund for continual BTC purchases over the long term.

他补充说，如果美国当选总统唐纳德·特朗普“积极推动将比特币纳入政府战略储备”，这将产生全球影响，特别是对传统储备资产。吴先生利用这一背景敦促香港特别行政区（特区）政府考虑是否“将数字资产和加密货币纳入金融储备”，包括长期使用外汇基金持续购买比特币的可能性。

In response to these calls, the SAR Government’s Treasury Bureau confirmed that Hong Kong’s foreign exchange fund invests in a “globally diversified asset class and markets to spread risk and enhance long-term returns.” While cryptocurrency is not formally designated as a target investment for the foreign exchange fund, the Bureau acknowledged that “externally hired investment managers also invest in globally diversified asset classes and markets,” allowing for potential—though minimal—cryptocurrency-related investments.

针对这些呼吁，特区政府库务局证实，香港外汇基金投资于“全球多元化的资产类别和市场，以分散风险并提高长期回报”。虽然加密货币并未被正式指定为外汇基金的目标投资，但该局承认，“外部聘请的投资经理也投资于全球多元化的资产类别和市场”，从而允许潜在的（尽管是最小的）加密货币相关投资。

Regarding financial security, the Bureau reiterated Hong Kong’s stance of regulating the crypto market based on the principle of “same business, same risk, same rules.” This approach aims to mitigate risks and ensure that financial security is maintained, while the government continues “to improve the regulatory system and launch measures to promote the development of the local virtual asset market.”

在金融安全方面，该局重申了香港基于“相同业务、相同风险、相同规则”的原则监管加密货币市场的立场。此举旨在降低风险并确保金融安全，同时政府继续“完善监管体系并采取措施促进当地虚拟资产市场的发展”。

Wu Jiezhuang expressed concerns about the broader ramifications if the United States were to recognize BTC as a strategic reserve asset. He suggested that such a move could destabilize traditional assets: “If economic powerhouses actively incorporate Bitcoin into strategic reserves, its value will stabilize, prompting more countries to follow suit and reduce holdings in traditional assets, causing traditional asset prices to fall and shrinking government financial reserves.”

吴介壮对美国承认比特币作为战略储备资产会产生更广泛的影响表示担忧。他认为，此举可能会破坏传统资产的稳定：“如果经济强国积极将比特币纳入战略储备，其价值就会稳定下来，促使更多国家效仿，减少传统资产持有量，导致传统资产价格下跌，政府财政萎缩。”储备。”

Wu posited that BTC might eventually replace “precious metals with low practical utility, including gold and silver,” due to its lower storage and transport costs. While mentioning that Bitcoin itself lacks physical utility, he argued that the cryptocurrency’s ease of transfer and storage gives it an edge in market trade-offs, especially compared to gold’s substantial storage and logistics expenses.

吴认为，由于存储和运输成本较低，比特币最终可能会取代“实用性较低的贵金属，包括黄金和白银”。在提到比特币本身缺乏物理效用的同时，他认为加密货币易于转移和存储的特性使其在市场权衡中具有优势，特别是与黄金的大量存储和物流费用相比。

Wu underscored Bitcoin’s expanding market presence, referencing the fact that 12 Bitcoin- and Ethereum-linked ETFs are currently traded on the Hong Kong Stock Exchange, while the Hong Kong Securities Regulatory Commission has issued 7 trading platform licenses. This growth stands in stark contrast to a decade ago, when only a small cohort believed in Bitcoin’s potential. However, Wu also noted that “price volatility and a relatively small market value” constitute weaknesses: “With each Bitcoin valued at $100,000, Bitcoin’s total market value is about $2 trillion, far from the global gold value of about $20 trillion.”

吴强调了比特币不断扩大的市场影响力，他提到目前有 12 只与比特币和以太坊相关的 ETF 在香港证券交易所交易，而香港证监会已颁发了 7 个交易平台牌照。这种增长与十年前形成鲜明对比，当时只有一小部分人相信比特币的潜力。不过，吴也指出，“价格波动和相对较小的市值”构成了弱点：“如果每个比特币价值10万美元，比特币的总市值约为2万亿美元，与全球约20万亿美元的黄金价值相去甚远。”

He further explained that Bitcoin is “not without risk,” citing both its dramatic price fluctuations and the opaque identities behind wallet addresses. Consequently, Wu advises governments and enterprises to maintain a cautious approach, allocating only a minimal portion of Bitcoin “as fiscal assets” to balance risk and return.

他进一步解释说，比特币“并非没有风险”，理由是其剧烈的价格波动和钱包地址背后的不透明身份。因此，吴建议政府和企业保持谨慎态度，只配置极小部分比特币“作为财政资产”，以平衡风险和回报。

Notably, already in July this year, another Hong Kong Legislative Council member, Johnny Ng, announced plans to assess the inclusion of Bitcoin into the special administrative region’s financial reserves.

值得注意的是，今年 7 月，另一位香港立法会议员吴约翰 (Johnny Ng) 宣布计划评估将比特币纳入特别行政区的金融储备。

At press time, BTC traded at $93,778.

截至发稿时，BTC 交易价格为 93,778 美元。