Wu said that Hong Kong Financial Services and the Treasury Bureau Secretary Paul Hui said in response to the relevant virtual asset questions from the legislators today that generally speaking, after notifying the relevant regulatory authorities, intermediaries holding relevant regulatory activity licenses or registrations can distribute virtual asset (VA) related products without applying to modify the license conditions; for VA funds authorized by the SFC to be listed and traded on the Hong Kong Stock Exchange, if the intermediary does not participate in solicitation or recommendation activities, the intermediary does not need to follow the suitability requirements or the requirements to provide minimum information and risk warning statements; sophisticated investors (including institutional professional investors and qualified corporate professional investors) can be exempted from certain investor protection measures. The Securities and Futures Commission (SFC) and the Hong Kong Monetary Authority (HKMA) will closely monitor market developments and review the requirements for VA-related activities when appropriate.