Secretary of the Hong Kong Securities and Futures Association: Hong Kong should establish a unified virtual asset regulatory agency

In response to the Hong Kong Chief Executive's public consultation on this year's Policy Address, the Secretary of the Hong Kong Securities and Futures Association, Zeng Yucheng, made several suggestions to the Chief Executive regarding the securities industry, pointing out that with the rapid development of the virtual asset market, it is particularly important to establish a unified regulatory agency to improve the efficiency of virtual asset supervision. A unified regulatory agency can provide consistent regulatory standards and procedures to ensure market stability and security, enhance investor confidence, and promote the healthy development of the virtual asset market. At the same time, strengthening training in the field of virtual assets is also an important measure to rationally manage virtual asset risks. By providing professional training and guidance, practitioners can have a more comprehensive understanding of the operating mechanism of the virtual asset market, formulate effective risk management measures, and ensure the stability of the financial system. (orangenews)