Hong Kong may introduce derivative license plate number 11 in 2025
"Ta Kung Pao" today published an article on page A17, pointing out that the Hong Kong Special Administrative Region Government strongly supports the development of virtual assets and green finance, while providing strong support for family offices. Since last year, the SAR government has gradually relaxed its investment policies on cryptocurrencies. The Hong Kong Stock Exchange has become the first exchange in Asia to offer cryptocurrency ETF products, with a current scale of 30 billion yuan. At the same time, the SAR government has taken the lead in establishing Web 3.0 Association and issuing virtual asset management licenses to promote standardization of this business and build a Web 3.0 ecosystem. Currently, some financial institutions have obtained virtual asset management licenses. The subdivision of Hong Kong's financial licenses is clear, with regulations for 12 categories of licenses. The improvement of financial licensing will further drive the development of financial markets. It is expected that by 2025, Hong Kong may introduce derivative product license number "11".
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