According to Wu, Commercial Radio News revealed that the 12-month licensing transition period for virtual asset trading platforms has ended, and currently 11 platforms are temporarily considered to have obtained licenses. Hong Kong Securities Regulatory Commission CEO Leung Fung-yee said that on-site reviews will be conducted on these virtual asset trading platforms that are considered to have obtained licenses. These platforms will receive notices of review arrangements one after another, and if they do not meet the requirements, they will be required to make corrections or even be required to withdraw. It is expected that licenses will be issued to qualified platforms before the end of the year.