Odaily Planet Daily News: The 12-month licensing transition period for virtual asset trading platforms has ended, and 11 platforms are temporarily deemed to have been licensed. Hong Kong Securities and Futures Commission CEO Leung Fung-yee said that they will further study whether all applications meet regulatory requirements. All "deemed to have been licensed" institutions will receive notifications one by one and conduct on-site inspections. They will be required to correct any non-compliance with regulations, otherwise the applicants will have to withdraw. It is expected that relevant institutions will be well prepared. If they meet the qualifications, they are expected to be licensed before the end of the year. (Hong Kong Radio)