Hong Kong Securities Supervision Commission Chief Executive Leung Fung Yee delivered a keynote address at the Vietnam National Securities Commission Symposium, where she said that differences in global regulatory approaches pose serious challenges to crypto asset liquidity and compliance, and the Hong Kong Securities and Futures Commission has just released a virtual asset roadmap called "ASPIRe", which states that global crypto...
Hong Kong Securities Supervision Commission Chief Executive Officer Liang Fengyi said at the Consensus Forum that virtual assets can now enter the second stage, in this pro-growth strategy, first, Hong Kong will complete the legislation of virtual asset activities, second, will expand products and services, third will optimize the operation process, including hot wallet, cold wallet regulations, and adjust custody requirements and insurance requirements, will be reviewed in terms of compliance a...
According to reports, Liang Fengyi, chief executive of the Hong Kong Securities Supervision Commission, said at the Consensus Forum that the virtual asset roadmap will be released this afternoon, and forward-looking strategies will be formulated by studying the future development direction. Among them, expanding the products and services of licensed virtual asset trading platforms, is considering allowing pledges, providing derivatives for professional investors, and is also considering providin...
OpenAI CEO Altman said Wednesday that the GPT-4.5 model, known internally as Orion, will be available "in a few weeks." Foreign media reported in November that Orion has not yet achieved the performance expected by OpenAI. Altman said the model will be the last one the company has launched that does not use additional computing power to mimic the way humans reason. OpenAI has adopted inference models in some of its newer models, including o1 and o3.
The Chief Executive of the Hong Kong Monetary Authority, Yu Weiwen, said that the investment of the Exchange Fund should consider liquidity, stability, long-term returns and diversification benefits. He revealed that he currently allocates metals and mainland assets, but has no intention of allocating virtual assets.
Ted Peake, Morgan Stanley's chief executive, said on Thursday that the bank would work with US regulators to see whether it could engage deeply in the cryptocurrency market. "The key for us is whether we, as a highly regulated Financial Institutions Group, can act as traders," Mr. Peake told CNBC at the World Economic Forum in Davos, Switzerland. "We will work with the Treasury and other regulators to see how we can provide this service in a safe way."
On January 20th, local time on January 19th, Han Zheng, Special Representative of President Xi Jinping and Vice President of China, met with representatives of the US-China Business Council, the American Chamber of Commerce and other business people in Washington. Han Zheng said that President Xi Jinping had an important phone call with President-elect Trump recently and reached important consensus on the development of China-US relations. China and the United States share extensive common inter...
Binance Lianchuang and former CEO CZ posted on the X platform that there are no plans to launch Meme Coin at this stage, but speculated that other national leaders may be considering it.
Goldman Sachs CEO David Solomon noted at a recent Reuters conference that many regulated U.S. banks still do not have access to cryptocurrencies. "Everyone is guessing how the regulatory framework will evolve, but it's still unclear how the regulatory framework will evolve," Solomon added. Speculation is still ongoing about how long it will take for the first crypto bill to pass the House and Senate, as well as in front of Trump.
In an interview with Barstool Sports founder Dave Portnoy, Microstrategy co-founder and former CEO Michael Saylor said he plans to continue buying bitcoin as part of the company's strategic reserve, even if the price of bitcoin reaches $1 million per coin. Michael Saylor compared bitcoin to the Manhattan real estate market, which he pointed out was in the 1830s...
On November 26th, the Hong Kong Stock Exchange held the second HKEX China Talk in Shanghai. Chen Yiting, CEO of the Hong Kong Stock Exchange Group, said that for companies that have been listed on class A shares, if they meet certain conditions, they can enter the fast-track approval process when applying for listing on the Hong Kong Stock Exchange. On October 18 this year, the Hong Kong Stock Exchange and the Hong Kong Securities Supervision Commission jointly announced to further optimize the ...
On November 26th, the Hong Kong Stock Exchange held the second HKEX China Talk in Shanghai. Chen Yiting, CEO of the Hong Kong Stock Exchange Group, said that it is currently working closely with the Shanghai and Shenzhen Stock Exchanges on the inclusion of REITs in the Shanghai-Shenzhen-Hong Kong Stock Connect, the introduction of the block trading mechanism and the inclusion of RMB counters in the Hong Kong Stock Connect trading. It is hoped that it can be implemented as soon as possible to pro...
Hong Kong Securities Supervision Commission Chief Executive Officer Leung Fung-yee said at the Wealth Management Summit that after the cross-border wealth management link and ETF link further expand the sales network of Hong Kong funds in the mainland, measures to further relax the mutual recognition arrangement between the mainland and Hong Kong funds may be further relaxed before the end of the year. She also stressed that the regulation of virtual assets is to regulate products rather than te...
On November 18th, Chen Yiting, chief executive of the Hong Kong Stock Exchange, said at the "10th Anniversary Summit Forum of Internet Connect" on November 18th that the Shanghai-Shenzhen-Hong Kong Stock Connect has become the main channel for international investors to trade and hold mainland class A shares, with nearly 77% of foreign investors holding mainland stocks through this channel. Bond Connect Northbound has also become the main channel for international capital to invest in the mainla...
When He Lifeng met with Schlossberg, President and CEO of Invesco Group in the United States, he pointed out that China is promoting high-level financial opening up and welcomes foreign-funded enterprises to deepen mutually beneficial cooperation.