TechFlow, October 23 — According to the Hong Kong Economic Times, Cai Fengyi, Executive Director of the Investment Products Division at the Securities and Futures Commission (SFC), announced that the SFC will introduce several upcoming optimization measures. These include promoting the trading of tokenized funds on virtual asset trading platforms (VATPs) and enhancing the Hong Kong Exchange's fund platform with payment and settlement functionalities. Cai stated that secondary market trading of tokenized funds requires additional regulatory frameworks and risk-mitigation measures. The SFC is currently discussing appropriate arrangements with fund houses and relevant trading platforms. Recent clarification that secondary market transactions of tokenized funds are exempt from stamp duty will help facilitate such trading activities.
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