According to PANews, Julia Leung, the CEO of the Hong Kong Securities and Futures Commission, stated at the Caixin Summer Summit that Hong Kong is building a compliant, risk-controlled, and sustainable virtual asset ecosystem. It supports spot virtual asset ETFs and staking services, and will include custodians and over-the-counter trading platforms under regulation. The commission promotes the tokenization of securities, integrating blockchain with traditional finance to enhance cross-border payment efficiency. It supports financial technology innovations such as generative AI to strengthen Hong Kong's competitiveness as an international financial center.

#ETF #AI