Hong Kong Securities Industry Anticipates Growth in Virtual Assets

According to PANews, a survey by the Hong Kong Securities Association reveals that despite half of the respondents reporting losses last year, 7% and 21% anticipate significant and moderate business expansion, respectively, this year. The survey identifies 'AI financial applications,' 'stablecoins and virtual assets,' and 'securities market reform' as the top three drivers of Hong Kong's financial development, with 28% favoring stablecoins and virtual assets. Additionally, the survey highlights that the most promising financial themes for investment in 2025 include virtual assets, overseas investor immigration plans, family offices, and green finance, with virtual assets leading at 36%. Li Yingyu, Vice Chairman of the Hong Kong Securities Association, noted that as local brokers develop in the emerging virtual asset industry, many mainland investors are interested in acquiring licenses to operate in Hong Kong. There has also been an increase in inquiries from brokers about purchasing licenses recently.