Hong Kong Legislative Council Member: It is recommended that the Hong Kong Futures Exchange develop more derivative products such as virtual asset options and futures

Hong Kong Legislative Council member Li Weihong integrated the opinions of the financial services industry to explore how to accelerate upgrading and transformation and promote financial diversification. He pointed out that the Hong Kong SAR government should make every effort to promote the diversification of the capital market. In addition to developing the securities market, it should also actively explore other financial services, including derivatives and virtual assets. Li Weihong also suggested that the Hong Kong Futures Exchange should realize 23-hour trading as soon as possible and develop more derivative products such as virtual asset options and futures. In terms of assisting the industry in upgrading and transformation, Li Weihong suggested that the Hong Kong SAR government actively assist the industry in introducing financial technology and promote securities firms to develop in high-quality directions such as asset management, green finance, virtual assets and Web3.0, so that their services will be more diversified and their income capacity will be increased. In addition, new ideas and innovative operating models will be explored to accelerate the upgrading and transformation of the financial services industry, which will help overcome the challenges encountered by the current traditional business model. (Ta Kung Pao)