According to Foresight News, Xiao Feng, chairman of HashKey Group, said at the "Hong Kong Crypto Finance Summer Forum" that there is a lot of room for improvement in Hong Kong's existing regulatory rules and laws and regulations, and they will continue to improve in the future. There are still many regulations that have not been enacted, such as STO (Security Token Offering). Xiao Feng believes that the Hong Kong Securities Regulatory Commission may issue a regulatory circular on STO at the end of this year. STO is a very important part of crypto finance to support Hong Kong’s real economy and technological innovation. Promoting STO financing for technology companies will allow crypto finance to have a relationship with the real economy, as well as with Hong Kong’s innovative technology.