Hong Kong Treasury Department Deputy Secretary Chan Ho-lim called on investors to participate in virtual currency trading through licensed exchanges

Chen Haolian, Deputy Director of the Hong Kong Financial and Treasury Bureau, called on investors to participate in virtual currency trading through licensed exchanges. Chen Haolian stated that the Hong Kong government is actively building the entire ecosystem, and the Investment Promotion Bureau is currently promoting relevant companies to expand their business in Hong Kong. The ecosystem of virtual assets includes not only exchanges, but also funds for trading virtual assets and central bank digital currencies (CBDCs). Consultation on stablecoin regulation has been completed, and relevant legislation is currently being prepared for submission to the Legislative Council.