Hong Kong Securities and Futures Commission releases three-year policy focus: protecting the interests of investors by using blockchain and Web3 basi

The Hong Kong Securities and Futures Commission has released its "Strategic Focus for 2024-2026," which mainly includes:

1. Maintaining market resilience and reducing severe damage to the market;

2. Enhancing the global competitiveness and attractiveness of the market's capital;

3. Leading the transformation of the financial market with technology and ESG (i.e. environmental, social, and governance);

4. Improving institutional resilience and business efficiency.

Regarding virtual assets, the Hong Kong Securities and Futures Commission will provide regulatory guidance on new virtual asset activities and promote the development of regulatory systems for virtual asset trading platforms. While supporting the tokenization of traditional products, it will safeguard the interests of investors by using blockchain and Web3 basic technologies and promote the establishment of a responsible and secure fintech ecosystem, and establish closer ties with local and international law enforcement agencies to combat crimes. It will also pragmatically lead the development of enterprise sustainability disclosure standards in Hong Kong and the Asia-Pacific region.