According to Foresight News: DBS Bank China's Chairman, Pang Huayi, revealed in an interview that the bank plans to apply for a license to offer cryptocurrency services to its Hong Kong customers. The bank aims to obtain permission to sell digital assets but does not intend to replicate the ecosystem it has already established in Singapore. Instead, DBS hopes to provide Hong Kong customers with the opportunity to purchase digital assets through its Hong Kong branch, which is currently possible through its Singapore branch.

Pang Huayi stated that as an important wealth management bank, it should allow investors to invest in differentiated and innovative assets. These digital assets may eventually become a small part of investment portfolios, helping to expand the range of asset classes in the portfolios. However, the development of the virtual asset industry still has a long way to go, requiring the monetization of digital assets, the establishment of alternative reserve currencies' visibility, and the expansion of digital asset usage in the real economy.