Paul Chan: The Hong Kong Securities and Futures Commission will promote the implementation of a licensing regime for virtual asset trading platforms to enable their responsible and sustainable development

According to a report by Jinse Finance, Dr. Huang Tianyou was appointed as the Chairman of the Hong Kong Securities and Futures Commission today. Hong Kong's Financial Secretary, Paul Chan, stated that under Dr. Huang's leadership, the Commission will continue to uphold its dual role as a regulator and market development facilitator, ensuring the fair, transparent, and orderly operation of the local securities and futures markets, while focusing on reform and innovation to consolidate and enhance Hong Kong's status as an international financial center.

The Hong Kong Securities and Futures Commission also continues to promote the development of the regulatory system, such as implementing a licensing system for virtual asset trading platforms to enable their responsible and sustainable development. The Commission actively participates in international regulatory cooperation and standard setting.