According to Techub News, according to Ta Kung Pao, Hong Kong Legislative Council member Li Weihong suggested that the Hong Kong SAR government could take optimization measures on a series of financial policies to further promote the development of Hong Kong's financial services industry.

 

He pointed out that the industry welcomes the SFC's acceptance of the industry's opinions on virtual asset transactions, and moderately allows retail investors to participate in large-scale cryptocurrency transactions; he suggested that the regulatory authorities steadily increase the number of retail investors participating in more different virtual asset product transactions by strengthening investor education, and emphasized that their transactions on local compliance platforms will receive greater regulatory protection to promote the development of Hong Kong's virtual asset market. At the same time, the industry also expects the SFC to speed up the approval of asset management license upgrades; moderately relax the regulations on intermediaries selling virtual asset exchange-traded funds (ETFs) (such as relevant product statements and customer knowledge assessments), and open up more virtual asset options and futures derivatives to enrich Hong Kong's virtual asset ecosystem.