TechFlow, June 4 — According to Yahoo Finance, Hong Kong's Secretary for Financial Services and the Treasury, Christopher Hui, said that in light of recent developments in the virtual asset market, the bureau will issue a second policy statement on virtual asset development, outlining its next steps, policy vision, and direction. The policy statement will explore how to combine the advantages of traditional financial services with technological innovation in the virtual asset sector, enhance the security and flexibility of real economic activities, and encourage local and international enterprises to explore innovations and applications of virtual asset technologies.
He also noted that the Securities and Futures Commission (SFC) is considering introducing virtual asset derivatives trading for professional investors, emphasizing the need for robust risk management measures. This is expected to further diversify product offerings in Hong Kong’s market while ensuring trading remains orderly, transparent, and secure.
Regarding support for fintech companies expanding their operations, he said that the Investment Promotion Agency is actively collaborating with industry stakeholders to promote Hong Kong’s fintech firms within the Guangdong-Hong Kong-Macao Greater Bay Area, helping them expand into mainland markets.
