Hong Kong's 2026 Policy Address, delivered on 16 September, told licensed venues to trade regulated stablecoins and settle tokenised money-market funds with them, and set a year-end deadline for round-the-clock settlement tests. The city already runs 13 SFC-licensed virtual-asset platforms and two licensed stablecoin issuers, chosen from 36 applicants. The scarce input is licensed people rather than code: fintech recruiters in Hong Kong are running compliance searches past six months. A partner at SunTzu Recruitment explains what the city forgot to budget for.