TechFlow News, April 19: According to a report by the Hong Kong Commercial Daily, in response to growing discussions in Hong Kong about “Middle Eastern capital flowing into Hong Kong,” Mr. Chan Ho-lam, Deputy Secretary for Financial Services and the Treasury of the Hong Kong SAR Government, stated that indeed more clients have been inquiring about transferring funds to Hong Kong or opening accounts here. He also emphasized that exchanges between Hong Kong and the Middle East are two-way: a licensed virtual insurance company based in Hong Kong has expanded its operations into Saudi Arabia and the United Arab Emirates; tokenized funds domiciled in Hong Kong have been listed on Middle Eastern wealth management platforms; and Asian investors can purchase Islamic bond ETFs in Hong Kong—offering Middle Eastern investors a familiar and trusted market.
Mr. Chan stressed that the Hong Kong government is actively advancing financial technology and digital assets. It is currently formulating legislative proposals for a licensing regime covering digital asset trading and custody services, with the goal of establishing a comprehensive regulatory framework to position Hong Kong as a global hub for digital asset innovation.
