Cai Fengyi: The Hong Kong Securities Regulatory Commission will issue guidance on the tokenization of authorized investment products, allowing primary trading in principle

Odaily Planet Daily News The official website of the Hong Kong Securities Regulatory Commission released the content of Cai Fengyi, a member of the Securities Regulatory Commission and executive director of the Investment Products Department, at the 2023 Bloomberg Buyer Forum. Cai Fengyi pointed out that in terms of tokenization of retail investment products, the Hong Kong Securities and Futures Commission has recently received suggestions to tokenize products authorized by the Securities and Futures Commission (such as public funds). Cai Fengyi said that the China Securities Regulatory Commission is currently formulating more detailed guidance on the tokenization of investment products authorized by the China Securities Regulatory Commission and will release it in the short term. Our current thinking is that, given that the development of Hong Kong’s VATP regime is in its infancy, in principle, it is more appropriate to first allow tokenized primary trading of Securities and Futures Commission (SFC) authorized products at this stage, in the context of virtual assets. Secondary trading on the trading platform (VATP) requires more caution and careful consideration.