TechFlow, June 13 — Hong Kong SFC's Chief Executive Officer Mrs. Jessie P.H. Leung stated that as early as 2018, the SFC established a regulatory framework for virtual assets from an investor protection perspective. Against the backdrop of multiple market cycles, geopolitical shifts, and digital development, Bitcoin has become an alternative asset and a tool in the competition for financial dominance. She emphasized that Hong Kong adheres to the principle of "same business, same risks, same rules." In addition to licensed exchanges, the next step will be to bring over-the-counter trading platforms and custodians under regulatory oversight.
In her keynote speech, she further noted that under the current macro environment, market volatility in capital markets has become the new norm. Therefore, as a regulator, the SFC must respond with flexible yet robust regulation to ensure the resilience of Hong Kong's markets, while leveraging Hong Kong’s unique advantages to seize new opportunities. Simply put, the SFC's strategy consists of "one strong shield" and "three sharp arrows": the shield symbolizes market and financial institution resilience, while the arrows represent targeted growth strategies aimed at unlocking market potential.
