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Hong Kong Securities and Futures Professional Association: Hong Kong Has Completed Initial Regulatory Infrastructure in the Virtual Asset Space

BlockBeats News, January 20th. The Hong Kong SAR Government plans to announce the "2026/2027 Budget" on February 25th, focusing on areas such as virtual assets and investor protection. The Hong Kong Securities and Futures Professional Association stated that Hong Kong has completed preliminary regulatory infrastructure in the virtual asset field. The next focus should shift to commercial application implementation. This can be achieved by bridging RWA secondary market liquidity, expediting product approvals, introducing international liquidity, enhancing practitioner training, transforming Hong Kong from a market with clear regulations to a globally recognized virtual asset hub with abundant liquidity and widespread application, aligning with the country's "15th Five-Year Plan" for financial openness and digital economic strategy.

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The declaration said that while stepping up preparations for the licensing system for new virtual asset service providers, it was willing to contact the global virtual asset industry to invite relevant trading platforms to explore business opportunities i
Under the new licensing regime, which will take effect on June 1, 2023, all centralised virtual asset trading platforms doing business in Hong Kong or actively marketing to Hong Kong investors will need to obtain a licence from the Securities and Futures
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