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 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...
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...