TechFlow reports, on December 31, according to the Hong Kong Wen Wei Po, Legislative Council member and Chairman of the Web3 and Virtual Asset Development Task Force, Ng Kit-kwong, stated that to meet national needs through Hong Kong's virtual asset market, a "Digital Connect" scheme could be explored—establishing a special channel to allow mainland investors to trade digital assets recognized in Hong Kong. This would further enrich the互联互通 (interconnectivity) between the mainland and Hong Kong, promote financial innovation, and foster new quality productive forces.
While cryptocurrency trading is banned in the mainland, under the "one country, two systems" principle, such trading is legal in Hong Kong. Similarly, gambling is prohibited on the mainland, yet mainland residents are permitted to gamble in Macau. Therefore, Ng believes that whether mainland residents will be allowed to invest in Hong Kong-approved virtual assets in the future will largely depend on the evolving international landscape, and he expects the mainland to adjust its policies accordingly at the appropriate time. Currently, as the United States actively embraces digital assets and the mainland places strong emphasis on developing the digital economy—regarding it as a new quality productive force—the SAR government is also listening to industry voices and embracing this emerging digital economic frontier.
