Hong Kong Financial Services and the Treasury Bureau Director Paul Hui recently wrote in his online column (Financial Talk) that Hong Kong is accelerating the development of financial technology and virtual assets to enhance its competitiveness in the global financial market. Hong Kong's goal is to work closely with the industry to promote the application of innovative technologies such as central bank digital currency, mobile payment, digital banking and virtual asset trading, and gradually build a healthy, responsible and sustainable virtual asset and Web3 ecosystem.
Hong Kong’s fintech ecosystem is growing
Xu Zhengyu mentioned that Hong Kong has added virtual assets as eligible asset categories, which will bring more innovation and opportunities to Hong Kong's financial market. Hong Kong's financial technology industry is also growing steadily, with more than 1,100 financial technology companies and an annual growth rate of 15%. This growth marks Hong Kong's deep cultivation and rapid development in this field.
In order to further promote the development of the industry, Hong Kong not only focuses on the construction of infrastructure, but also continuously improves the regulatory framework. With the implementation of the virtual asset trading platform licensing system, Hong Kong has made steady progress in virtual asset regulation. Currently, seven virtual asset trading platforms have obtained regulatory licenses, which provides a more robust and secure trading environment for market participants.
Stablecoins and Web3: Key directions for future development
In the field of stablecoins and Web3, Hong Kong's regulatory pace is also worth paying attention to. Hong Kong has submitted a (stablecoin bill) to the Legislative Council, aiming to establish a regulatory system that conforms to local conditions and is in line with international standards. Xu Zhengyu emphasized that this new regulatory framework will not only ensure the stability and security of the market, but will also promote the healthy development of the virtual asset market and create more ideal conditions for the full implementation of Web3 technology.
Looking forward to 2025: Win-win cooperation to unleash new economic momentum
Looking ahead to 2025, Xu Zhengyu emphasized that Hong Kong will continue to work hand in hand with the industry to promote the healthy development of financial technology, virtual assets and Web3 ecosystem, and help inject new growth momentum into Hong Kong's economy. Through continuous innovation and improvement of regulatory mechanisms, Hong Kong strives to become a world-leading financial technology and virtual asset center and promote economic structural transformation and upgrading.
This series of measures shows that Hong Kong is gradually building a more open and innovative market environment to attract global investors and technology companies to invest and cooperate. With the continuous penetration of financial technology and virtual assets, Hong Kong will occupy an increasingly important position in the global digital economy.
How to seize the development opportunities of Hong Kong’s virtual asset ecosystem?
As Hong Kong continues to promote financial technology and virtual assets, more innovative investment opportunities and technology trends will emerge in the market. If investors want to seize this wave of development opportunities, they need to pay more attention to the latest developments in the field of virtual assets and Web3. At the same time, with the help of AI-driven platforms like Mlion.ai, investors can understand the latest trends in the virtual asset market in real time, deeply analyze market sentiment and project potential, and make more accurate investment decisions.
Mlion.ai provides multi-dimensional data analysis, real-time news monitoring and AI-driven forecasting models, providing investors with convenient tools to help them seize opportunities and improve investment returns in a market full of uncertainty. If you are also interested in Hong Kong's financial technology and virtual asset market, using Mlion.ai's intelligent analysis platform can give you an advantage in this rapidly developing ecosystem.
Disclaimer: The above content is for information sharing only and does not constitute any investment advice.