TechFlow news, January 4 — According to the Hong Kong Ta Kung Pao, Chu Hok Hong, Head of Digital Asset Management at China Asset Management (Hong Kong), shared his views suggesting that improving Hong Kong's regulatory framework for tokenized securities and virtual asset trading platforms could help mainland enterprises conduct compliant Web3 fundraising. Specific recommendations include refining the regulatory framework for tokenized securities, offering specialized RWA tokenization advisory services for mainland enterprises, and establishing robust investor protection mechanisms.
Chu noted that Hong Kong's Web3 ecosystem made significant progress in 2024, including the launch of spot virtual asset ETFs and approvals for trading platforms. He emphasized that Hong Kong should leverage its "one country, two systems" advantage to explore a "Digital Asset Connect" mechanism, allowing qualified mainland investors to participate in Hong Kong's virtual asset ETFs and security token investments, and proposed setting an annual investment quota of RMB 5 billion.
