Odaily Planet Daily News: The President of the Hong Kong Securities and Futures Professionals Association, Chen Zhihua, proposed six key enhancements for Hong Kong's virtual asset sector, including: 1. Relaxing participation restrictions for mainland residents: Allowing more mainland residents to participate in Hong Kong's virtual asset market, which will introduce a large amount of capital and technology, enhance market vitality and liquidity, and expand Hong Kong's influence as a financial center. 2. Improving the regulatory system: There is a need to evaluate and adjust the regulatory framework to better adapt to the unique operational models and rapidly changing characteristics of the virtual asset industry. This may include adopting more flexible and innovative regulatory approaches, reducing unnecessary compliance burdens, while maintaining a high level of risk control. 3. Simplifying the licensing process: Accelerating the approval process for virtual asset platform licenses, providing a clear timeline, requirements that align with industry practices, clearer guidance, and a transparent application process to attract more international participants. This can be achieved by introducing an electronic application system and increasing the number of capable approval personnel. 4. Establishing a unified regulatory body: Consider establishing a unified virtual asset regulatory committee responsible for coordinating the work of different regulatory agencies, ensuring consistency and effectiveness of regulatory standards, reducing compliance costs for businesses, and improving regulatory efficiency. 5. Strengthening cooperation with the mainland: The Special Administrative Region government should closely collaborate with relevant regulatory agencies in the mainland to explore a cooperative mechanism for virtual asset regulation, promoting the interconnection of markets and the two-way flow of funds between the two regions. 6. Introducing more expertise and industry experience: Incorporating more expertise and industry experience into the regulatory process, hiring industry experts to participate in regulatory and approval work, ensuring that the regulatory process is both rigorous and efficient, and that the regulatory framework and requirements do not deviate from common industry practices. Additionally, more new products should be developed, such as Real World Assets (RWA). In line with the announcement in the (Policy Address) to establish gold warehouses and related trading facilities, gold RWA could be developed as one of the virtual assets.