On December 12, the "Finloop 2025 • Fintech Empowering Wealth Management" annual summit forum of the wealth management Industry in Hong Kong, hosted by Xinglu Technology, was held in Hong Kong.

At the meeting, Deputy Secretary for Financial Services and the Treasury, Chen Haolian, stated that there are plans to conduct public consultations next year on the licensing system for OTC trading and custodial service providers for virtual assets, to promote the sustainable development of different Sectors in the virtual asset market.

Currently, there are three licensed virtual asset trading platforms in Hong Kong, and the Hong Kong Financial Services and the Treasury Bureau plans to submit the draft regulations for the oversight of fiat-backed stablecoin issuers to the Legislative Council for review within this month.

Chen Haolian stated that as a leading international financial center in Asia, Hong Kong is an ideal place that combines traditional financial instruments with virtual assets:

In 2022, the first batch of virtual asset Futures ETFs was listed on the HKEX.

In 2023, the Hong Kong SAR Government issued the world's first tokenized green Bonds issued by the government.

In April 2024, the first batch of virtual asset spot ETFs in Asia was listed on the HKEX.

In November 2024, the Hong Kong Special Administrative Region Government's Financial Management Bureau launched a digital Bonds funding program to promote the development of the digital securities market and encourage broader use of tokenization technology in the Capital Markets.

Chen Haolian stated that the above measures highlight Hong Kong's determination and development in financial innovation, and also demonstrate that Hong Kong is rapidly developing in the virtual assets Industry, having established an important position globally.

Editor/Rocky