Chen Haolian: The draft bill on virtual asset over-the-counter trading system will be submitted to the Legislative Council for deliberation as soon as possible

The Secretary for Financial Services and the Treasury of the Hong Kong Department of Finance, Chan Ho-lim, said that the listing of the first batch of virtual asset spot ETFs in Asia in Hong Kong confirms the leading position of Hong Kong's virtual asset market in Asia. Chan Ho-lim said in his speech at the listing ceremony that the industry responded positively after the government issued a policy declaration on the development of virtual assets in Hong Kong two years ago. When formulating the regulatory system, we have referred to the experience of regulating the Hong Kong financial market to ensure the sustainable development of virtual assets in Hong Kong. In the future, we will continue to work hard to establish a vibrant and stable virtual asset ecosystem through various measures. He also pointed out that the consultation on the regulation of stablecoins has ended and the opinions collected are currently being analyzed. As for the draft virtual asset over-the-counter trading system bill, it will also be submitted to the Legislative Council for deliberation as soon as possible. He emphasized that as Asia's leading international financial center, Hong Kong has a solid foundation and a highly open economy. Combining traditional finance and virtual asset platforms, Hong Kong will continue to make good use of Hong Kong's unique advantages in the future to promote the depth and breadth of the virtual asset market, ensure that the market is stable and protect the interests of investors, and promote market diversification and create greater opportunities for the financial services industry. (Hong Kong Radio website)