Hong Kong Legislative Council member Wu Jiezhuang: Advocate for the "Digital Pass" to open a special channel to allow mainland investors to buy and sell recognized digital assets
Wu Jiezhuang, chairman of the Hong Kong Legislative Council, Web3 and Virtual Asset Development Forum Committee, said that the license requirements for Hong Kong virtual asset trading platforms are very high, and the withdrawal of applications is mainly due to company financial problems, business maturity, investment technology, and whether the warehouse candidates are suitable. Regarding how the Hong Kong virtual asset market will serve the needs of the country in the future, Wu Jiezhuang believes that it is possible to study the launch of "Digital Pass", that is, to open a special channel to allow mainland investors to buy and sell Hong Kong-recognized digital assets, further enrich the connotation of interconnection between the mainland and Hong Kong, and at the same time, it is also conducive to financial innovation and the cultivation of new quality productivity.
Hong Kong Legislative Council Member Wu Jiezhuang: The SAR Government can refer to the securities industry to establish a DAO licensing system
Wu Jiezhuang, Chairman of the Hong Kong Legislative Council, Web3 and Virtual Asset Development Forum Committee, said that the Hong Kong High Court heard the world's first lawsuit involving decentralized autonomous organizations (DAO) in August this year. Currently, the United States and Abu Dhabi have relevant legal frameworks to regulate DAOs. Since DAOs have no legal entity, it is recommended that the SAR government can refer to the securities industry's licensing system to establish a DAO licensing system, requiring licensed DAOs to clarify internal individual relationships and must establish responsible personnel (RO) to ensure that licensed companies comply with the regulations of regulatory agencies and maintain the company's daily operations.
Yitong Communication, owned by Deng Chengbo's family, sold 6.8% of the shares of Hong Kong Virtual Asset Exchange for HK$15 million
On December 31, according to the announcement of the Hong Kong Stock Exchange, Yitong Communication, a Hong Kong-listed company under Deng Chengbo's family, sold 6.8% of the shares of Hong Kong Virtual Asset Exchange (HKVAX) for HK$15 million. The buyers were Lean Group and businessman Liang Dehui, who purchased approximately 3.8% and 3% of HKVAX's shares for HK$8.4 million and HK$6.6 million respectively. According to information from the Hong Kong Securities and Futures Commission, HKVAX was issued a virtual asset trading platform license on October 3 this year, and can operate business in Hong Kong or promote its services to Hong Kong investors.