Hong Kong Digital Currency Fund Awaits Regulatory Approval

According to Foresight News, Zhu Haokang, the head of digital asset management and family wealth at China Asset Management (Hong Kong), stated that the Hong Kong Dollar Digital Currency Fund is available to retail investors. The company is awaiting the implementation of relevant regulatory guidelines by the Hong Kong Securities and Futures Commission. Once these regulations are in place, the firm plans to explore the fund's application within the stablecoin ecosystem. This includes enabling investors to use compliant stablecoins for subscriptions and redemptions. Zhu noted that achieving this innovative application could significantly increase the fund's management scale.