Hong Kong Financial Services and the Treasury Bureau to Issue Second Policy Statement on Virtual Asset Development

According to Yahoo Finance, Christopher Hui, Secretary for Financial Services and the Treasury of Hong Kong, stated that in response to the latest developments in the virtual asset market, the Financial Services and the Treasury Bureau will issue a second policy statement on the development of virtual assets, outlining the next steps in policy vision and direction. This policy statement will explore how to combine the advantages of traditional financial services with technological innovations in the virtual asset field, enhance the security and flexibility of real economic activities, and encourage local and international enterprises to explore innovations and applications of virtual asset technology.

Christopher Hui pointed out that the Securities and Futures Commission is considering introducing virtual asset derivatives trading for professional investors, emphasizing the formulation of robust risk management measures, which is expected to further enrich the product options in the Hong Kong market while ensuring that trading is conducted in an orderly, transparent, and secure manner. In assisting fintech companies to expand their business, Invest Hong Kong is actively collaborating with industry stakeholders to promote in the Guangdong-Hong Kong-Macao Greater Bay Area, helping Hong Kong fintech companies further expand into the mainland market.