PANews June 8 news, according to the Chinese Times report, the Secretary for Financial Services and the Treasury of Hong Kong, Xu Zhengyu, previously stated in response to a member's question that the Hong Kong Securities and Futures Commission is considering the introduction of virtual asset derivatives trading for professional investors and will formulate robust risk management measures. Analysts quoted by the Chinese Times pointed out that based on international experience, it is expected that in the early stages of the policy, Hong Kong's derivatives market will pilot perpetual contracts of mainstream virtual assets such as Bitcoin and Ethereum. From international practice, several international institutions, including the Singapore Exchange (SGX), Coinbase, the U.S. Commodity Futures Trading Commission (CFTC), and the European MiFiD II regulatory framework, have prioritized perpetual contracts as an important direction for virtual asset derivatives.
