TechFlow News: On January 28, the official website of the Hong Kong Legislative Council’s Panel on Financial Affairs disclosed that Hon. Lee Wai-hung has been elected Chairperson of the Panel on Financial Affairs. Previously, Lee had called for promoting the development of virtual assets and futures markets and accelerating the approval process for license upgrades. He proposed that the Hong Kong Exchanges and Clearing Limited (HKEX) implement 23-hour trading, expand futures products available for trading during holidays, and open more virtual asset options and futures derivatives.
Additionally, Lee urged the Hong Kong government to accelerate the establishment of an international gold trading center and strive for early accession to the Regional Comprehensive Economic Partnership (RCEP), enabling industry players to export gold and other precious metals from Hong Kong to RCEP members duty-free.
