According to Deep Tide TechFlow news on November 28, as reported by aastocks, Hong Kong Legislative Council member (financial services sector) Li Weihong proposed a motion in the Legislative Council meeting to 'promote high-quality development and build a strong financial nation,' which was approved. The motion revolves around six core elements and 'five major articles,' and in the field of digital finance, it suggests allowing retail investors to participate in more different types and currencies of virtual asset trading, and calls for the Securities and Futures Commission to speed up the approval process for license upgrades.
Li Weihong also suggested that the Hong Kong Monetary Authority strengthen cooperation with the People's Bank of China and pay attention to the difficulties faced by the virtual asset industry in opening accounts. In terms of inclusive finance, he recommended that the government promote the retailing of financial products, allowing retail investors to participate in more investment products on compliant platforms and reducing restrictions on professional investors. Additionally, he suggested researching the establishment of a Hong Kong version of the ESG certification system to assist mainland enterprises in producing ESG reports that meet international standards.
