TechFlow news, October 28 — According to reports by the Hong Kong Economic Journal, Financial Secretary Paul Chan said on Monday that Hong Kong has made significant progress in building its virtual asset regulatory framework since issuing its digital assets policy statement two years ago. Currently, three virtual asset trading platform operators have obtained licenses, with several more expected to be granted by the end of 2024.
Chan emphasized that among the five largest fintech investments in Asia this year, three were made in mainland China and two in Hong Kong, highlighting Hong Kong’s appeal as a fintech hub. He also revealed plans to lead a delegation of over 100 representatives from the financial and innovation sectors on a visit to Saudi Arabia, during which Hong Kong startups will sign cooperation agreements with local partners.
