Hong Kong's securities regulator plans to introduce digital asset derivatives trading for professional investors to enhance product offerings and strengthen its position in the global digital asset market. Christopher Hui Ching-yu, secretary for Financial Services and the Treasury, confirmed the initiative on June 4. The Hong Kong Securities and Futures Commission (SFC) emphasizes sound risk management and secure trading practices. The move aligns with the market's growth, exceeding $3 trillion in value and $70 trillion in annual trading volumes. Hong Kong aims to attract international players by optimizing its tax framework, offering tax concessions for digital assets. The region's fintech ecosystem is thriving, with over 1,100 fintech companies and various licensed digital banks and virtual asset trading platforms. Hong Kong continues to innovate, introducing Asia's first VA futures ETFs and preparing for further integration of Web3 technologies into traditional finance. Read more AI-generated news on: https://app.chaingpt.org/news

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