The Hong Kong SFC supports market-driven regulatory compliance for digital asset funds and tokenized funds.
Jinse Finance reported that the Hong Kong Securities and Futures Commission (SFC) expressed its support for promoting regulatory compliance in the market at a seminar held last week by the Hong Kong and Greater Bay Area Fund Administrators Association. The seminar aimed to enhance the industry's awareness of regulatory compliance standards in the rapidly developing digital asset sector. Dr. Yip Chi-hang, Executive Director of the Intermediaries Division of the Hong Kong SFC, delivered a keynote speech at the seminar. During the event, the Hong Kong and Greater Bay Area Fund Administrators Association discussed various risk management and monitoring measures to support the management of digital asset funds and tokenized funds. Notably, the discussion emphasized the importance of internal cooperation within the fund industry to strengthen the adoption of innovative technologies in fund management, while also enhancing technical and regulatory compliance capabilities related to digital assets. Dr. Yip stated: "The SFC is committed to raising professional standards and fostering mutual trust in the digital asset market. By supporting industry participants in their ongoing efforts to comply with regulatory requirements for managing digital asset funds and tokenized funds, we aim to establish a safe, reliable, sustainable, and competitive digital asset fund ecosystem based on robust risk management and investor protection."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
A key leap toward the internationalization of the Korean won: The Bank of Korea launches a trial run of its 24/7 international settlement system, with full deployment set for January next year.
The Bank of Korea officially launched the trial operation of the "BOK Won International Payment Network" on Monday local time.
Offshore oil and gas module equipment company VME (VME.US) aiming for Nasdaq listing, plans to raise up to 30 million USD
Offshore oil and gas process module and separation equipment company VME Companies has applied for an IPO on Nasdaq, aiming to raise up to $30 million, with Kingswood as the sole bookrunner.
Hypertension drug developer Retension (RTSN.US) applies for US listing, plans to raise $58 million.
U.S. hypertension drug developer Retension Pharmaceuticals filed documents with the SEC last Friday, planning to raise up to $58 million through an initial public offering (IPO).
Pfizer (PFE.US) overseas price increase gains to be shared with the U.S. government: "Most Favored Nation" contract revealed, over twenty transactions still confidential
According to reports, under a new contract with the U.S. Department of Health and Human Services, Pfizer will share higher overseas drug revenues with the United States.
Crypto prices
More
