PANews reported on August 10 that according to Ta Kung Pao, Wang Zhuofeng, managing director and head of Asia Pacific sales at Southern East Asset Management, said that Bitcoin has a certain volatility, coupled with the instability of the US presidential election and the Federal Reserve's policy trends, investors naturally hope that there are products on the market that can be deployed simply and directly for bearishness, as well as short-term hedging tools to flexibly face market uncertainties. To promote the development of Hong Kong's digital asset ecosystem, it is best to have locally regulated digital asset derivatives, which will not only improve the liquidity and transparency of the market, but also provide investors with more investment options and opportunities, and help attract more professional investors and large institutions to participate in Hong Kong's digital asset market. Locally regulated derivatives will enable investors to manage risks and allocate assets more flexibly and conveniently, further promoting Hong Kong to become a global center for digital asset trading and investment.