According to Foresight News and reported by Hong Kong Wen Wei Po, Hong Kong Legislative Council member and chairman of the Web3 and Virtual Assets Development Task Force, Wu Jiezhuang, stated that regarding how the Hong Kong virtual asset market can serve the needs of the country in the future, it is possible to study the launch of a 'Digital Pass', which would open a special channel allowing mainland investors to buy and sell digital assets recognized by Hong Kong, further enriching the connotation of interconnection between the mainland and Hong Kong, while also benefiting financial innovation and cultivating new productive forces.
The mainland prohibits cryptocurrency trading; however, under 'One Country, Two Systems', cryptocurrency trading in Hong Kong is legal. Similarly, gambling is banned in the mainland, but it is also legal for mainland citizens to gamble in Macau. Therefore, Wu Jiezhuang believes that the interconnection of financial markets between the mainland and Hong Kong, and whether to allow mainland citizens to invest in virtual assets recognized by Hong Kong in the future, will mainly depend on the overall development of the international situation. He believes the mainland will adjust policies in a timely manner. Currently, the United States is actively embracing digital assets, and the mainland also places great importance on developing the digital economy, viewing it as new productive forces. The SAR government is listening to the voices of the industry and embracing the new track of the digital economy.
