Xu Zhengyu, Secretary for Financial Services and the Treasury of Hong Kong, said in a radio interview that Hong Kong, as an asset management center or hub, will consult the market on the virtual asset custodian system this year and will gradually establish the entire virtual asset ecosystem, so that the market can not only develop sustainably, but also further integrate the new financial sector with the real economy.
Hong Kong's Secretary for Financial Services and the Treasury, Hui Zhengyu, wrote in his online column "Treasury Theory" that Hong Kong has added virtual assets and other qualifying asset classes. There are currently more than 1,100 fintech companies, with an annual growth rate of 15%. Hong Kong will continue to promote the central bank's digital currency, mobile payment, digital banking, virtual asset trading, etc. Technology applications, and promote the healthy, responsible and sustainable de...
Hong Kong Secretary for Financial Services and the Treasury Hui Cheng-yu said during a visit to Zurich, Switzerland, that Hong Kong will consult the industry to increase the types of eligible transactions for which funds and single-family offices can enjoy tax concessions to cover emissions derivatives/emission limits, insurance-linked securities, loans and private credit investments, virtual assets, etc. He also said that green bonds issued by the Hong Kong government have so far successfully i...
On October 30th, Joseph H.L. Chan, JP, Deputy Secretary for Financial Services and the Treasury of Hong Kong, delivered the opening speech at the 2024 SmartCon conference organized by Chainlink and said, "Decentralized innovation infrastructure relies on secure oracles to make it work. Last year, I witnessed the enthusiasm of builders and users in the Chinese community, telling myself that Asia and Hong Kong must understand these opportunities from changing communities. And changing communities ...
Hong Kong's Secretary for Financial Services and the Treasury, Hui Cheng-yu, said in the blog "Treasury Theory" that in terms of expanding the eligible asset classes, it is recommended to broaden the eligible asset classes, in line with the overall financial development strategy of the Finance and Treasury Bureau, to add carbon emission derivatives/emission allowances, insurance-linked securities, loans and private debt investments, and virtual assets, etc., so that transactions of such assets c...
Hong Kong's Secretary for Financial Services and the Treasury, Hui Cheng-yu, said that during the Hong Kong Fintech Week, which will be held from October 28 to November 1, a policy statement on the responsible use of AI in financial services will be released, detailing Hong Kong's policy direction on this topic of global importance and interest.
Hong Kong Legislative Council member Ng Kit-chuang announced in X that Deputy Secretary for Financial Services and the Treasury Chan Ho-Lian released a briefing and explained the "proposed regulatory regime for stablecoin issuers"...
On July 19, Hong Kong Deputy Secretary for Financial Services and the Treasury Chen Haolian said at the meeting of the Legislative Council Web3 and the Subcommittee on Virtual Asset Development that the authorities are currently drafting the second draft of the bill to implement the regulatory system for fiat currency stablecoin issuers in Hong Kong, with a view to submitting the bill to the Legislative Council for consideration by the end of this year.
Xu Zhengyu, Secretary for Financial Services and the Treasury of the Hong Kong Special Administrative Region Government, said in the latest interview that with the three major trends of asset allocation diversification, economic digitalization and green transformation in international capital markets, Hong Kong, as an international financial center, must continue to reform and innovate in order to seize new opportunities. European policies on Hong Kong, especially some recent policies on innovat...