The Hong Kong division of China Asset Management has recently established a memorandum of agreement with Hashkey exchange and HamsaTech Hong Kong.
The objective of this partnership is to collectively promote and advance initiatives related to Web 3.0 in the asset management industry in Hong Kong.
The city of Hong Kong is actively seeking to capitalize on the potential benefits presented by the emergence of Web3 technology.
The significance of capitalizing on the advantageous prospects presented by Web 3.0 was underscored in the 2023-2024 Budget by the Government of Hong Kong.
The Financial Services and the Treasury Bureau (FSTB) have recently unveiled substantial measures to promote the advancement of financial technology (fintech) during the Hong Kong FinTech Week 2023. These activities primarily center around the exploration of practical applications within the real economy, as well as fostering advancements in the digital assets and Web3.0 sector.
The introduction of new laws by the Securities and Futures Commission (SFC) aims to safeguard investors and foster innovation within the virtual assets sector.
The Securities and Futures Commission (SFC) has also released circulars on the involvement of intermediaries in activities linked to tokenized securities and the tokenization of investment products permitted by the SFC. These circulars aim to provide clear guidance on the regulatory requirements in order to ensure investor protection.
China Asset Management (HK) is a leading asset management firm based in Hong Kong that has played a pivotal role in driving the evolution of the conventional asset management sector.
The company is committed to promoting wider involvement and responsible growth in Hong Kong's virtual assets market by combining traditional finance with virtual assets and utilizing innovative technology.
HashKey Exchange is one of the limited number of licensed cryptocurrency exchanges operating in Hong Kong.
HashKey Exchange is one of the limited number of cryptocurrency exchanges that has successfully acquired a license in Hong Kong. The HashKey Group provides a variety of institutional services, encompassing omnibus trading and tokenization services.
HashKey Brokerage specializes in facilitating over-the-counter bulk trading activities tailored for professional investors. On the other hand, HashKey Xpert offers secure custody services for virtual assets, specifically designed to meet the stringent requirements of institutional clients.
The collaboration with Hamsa, which possesses significant expertise and is at the forefront of blockchain technology in the realm of virtual assets, is anticipated to facilitate the provision of a broader and more inventive selection of investment opportunities for investors in Hong Kong.