Odaily Planet Daily News: Hong Kong Legislative Council member Wu Jiezhuang asked the Secretary for Financial Services and the Treasury of the Hong Kong Department, Chan Ho-lim, at the Legislative Council whether the Hong Kong government would consider incorporating digital assets and cryptocurrencies into fiscal reserves, and consider using the Exchange Fund to continue to purchase and hold for a long time, whether to evaluate and study the impact of foreign countries designating Bitcoin as a strategic reserve asset on the financial security of China and Hong Kong, if so, what is the impact, and what countermeasures does the government have, including whether it will use Hong Kong's first-mover advantage and unique resource conditions in the field of cryptocurrency to make strategic deployments to contribute to maintaining national financial security? Chan Ho-lim replied that the Hong Kong Exchange Fund invests in diversified asset classes and markets around the world to diversify risks and enhance long-term returns. Although crypto assets are not the target assets of the Exchange Fund, the external investment managers of the HKMA also invest in diversified asset classes and markets around the world. In the investment operations of external investment managers at different times, it is not ruled out that there are individual investments involving crypto assets, but the relevant proportion is very small. In addition, Chen Haolian also revealed that the Hong Kong Securities and Futures Commission is promoting the rapid licensing procedures related to virtual asset trading platforms and establishing a consultation group for licensed platforms. It is expected that the relevant consultation group will be launched early next year. (Hong Kong Government News Bulletin)