CoinVoice has learned that, according to the China Times, the Secretary for Financial Services and the Treasury of Hong Kong, Xu Zhengyu, previously stated in response to a legislator's question that the Hong Kong Securities and Futures Commission is considering introducing virtual asset derivatives trading for professional investors and will formulate robust risk management measures.

The China Times cited analysts pointing out that, based on international experience, the Hong Kong derivatives market is expected to pilot perpetual contracts of mainstream virtual assets such as Bitcoin and Ethereum in the early stages of policy implementation. From international practices, several international institutions, including the Singapore Exchange (SGX), Coinbase, and the U.S. Commodity Futures Trading Commission (CFTC), as well as the European MiFiDII regulatory framework, have prioritized perpetual contracts as an important direction for virtual asset derivatives. [Original link]