Speaking at the annual conference of the Asian Securities Industry and Financial Marekt Association, Hong Kong's Secretary for Financial Services and the Treasury, Hui Cheng-yu, said that Hong Kong will further relax asset appraisal requirements and accept investments made through qualified private companies. The tax system for funds and single family offices will also be improved, and a new change of domicile system will be introduced to attract more international companies to set up offices or...
Hong Kong's Deputy Secretary for Financial Services and the Treasury, Chen Haolian, said that as an international financial center, Hong Kong has strong Web3 development potential and a sound regulatory system, and key technologies such as global blockchain ecosystem evolution and decentralized oracle network have great potential to promote the transformation of decentralized finance and digital economy. Therefore, it is hoped that Asia, especially Hong Kong, will gain a deeper understanding of ...
The Deputy Secretary for Financial Services and the Treasury of Hong Kong, Mr. Albert Chan, said that the second round of public consultation on the regulation of virtual assets over the counter (OTC) will be completed next year, and the proposed licensing system for regulating virtual asset custody service providers will also be proposed for consultation next year to ensure that the safe custody of digital assets meets international standards. Chen Haolian stressed that the licensing system for...
Speaking at the Asia Pacific Fintech Innovation Lab 2024, an accelerator programme run by Cyberport and Accenture, Hui Cheng-yu, Hong Kong's secretary for financial services and the Treasury, said the government was committed to advancing the development of cutting-edge financial services and reshaping the financial landscape of the future. Key areas of focus include central bank digital currencies, mobile payments, virtual banking, virtual insurance and virtual asset trading.
Speaking at the Standard Chartered Awards 2024 today (October 21), the Secretary for Financial Services and the Treasury, Mr. Hui Cheng-yu, said that the Treasury Bureau will soon issue a policy statement on the application of artificial intelligence in financial marekt, and will further improve the regulation of virtual asset transactions, develop the blockchain digital asset currency ecosystem, and promote real-world asset tokenization and digital currency ecosystem.
Hong Kong's Deputy Secretary for Financial Services and the Treasury, Chen Hao Lian, called on investors to participate in the trading of virtual currencies through licensed exchanges. Chen Hao Lian said that the Hong Kong government is working hard to build the entire ecosystem. At present, Invest Hong Kong is actively promoting relevant enterprises to expand their business in Hong Kong. The ecosystem of virtual assets is not only exchanges, but also virtual asset exchange traded funds, as well...
In his opening remarks at the Invest in UAE Forum, Deputy Secretary for Financial Services and the Treasury of Hong Kong, Chen Haolian, said that in the past year, Hong Kong and Dubai have continuously strengthened their partnership in the financial sector. Last year, a Hong Kong-licensed insurance technology company started a strategic cooperation with the oldest local insurance company in the UAE. The digital asset custody insurance of both parties has been approved by the UAE Central Bank to ...
In replying to Mr. Hui's question, the Secretary for Financial Services and the Treasury of Hong Kong, Hui Cheng-yu, said that since the launch of the New Capital Investor Entry Scheme, Invest Hong Kong will also consider accepting applicants' assets held by their wholly-owned private companies as proof of assets according to the actual circumstances of the case. If the applicant through its...