Xu Zhengyu: Continuously review and improve the regulatory system to cultivate a more complete Hong Kong virtual asset ecosystem

Odaily Planet Daily News - Hong Kong Financial Services and the Treasury Bureau Director Paul Hui said that the regulatory system in Hong Kong is being constantly reviewed and improved to foster a more complete virtual asset ecosystem, including the development of a comprehensive framework that includes virtual asset exchanges, stablecoin issuers, custodians and over-the-counter trading activities. Paul Hui said that Hong Kong is building a bridge between traditional finance and the rapidly developing digital economy, and the regulatory framework has established a solid foundation for this trend of change. For example, the Securities and Futures Commission has announced regulatory expectations for intermediaries engaged in tokenized securities-related activities, providing clarity for market participants and creating a credible innovation environment. He emphasized that the trend of tokenization and the transformation of artificial intelligence can only realize their full potential in a reliable and adaptable regulatory system, and will protect the market with fairness, consistency and the highest standards. (Yahoo Finance)