According to Wenhui.com, Chen Peiquan, executive director of Hong Kong Victory Securities, said in an interview that as early as 2018, he personally bought and sold virtual currencies and made considerable profits, but later because of the bankruptcy of FTX, most of his assets were lost. Currently, the issuers of virtual currency ETFs are mainly Chinese funds. Chen Peiquan believes that this is a signal to the outside world that the mainland will relax and even allow retail investors to buy and sell virtual products through the Hong Kong Stock Connect in the future. In terms of future development, he believes that Hong Kong needs to launch relevant derivatives of virtual assets as soon as possible, including futures and options, to hedge the risks of virtual currencies.
Executive Director of Hong Kong Victory Securities: Most of the assets were lost due to the FTX incident; optimistic about the mainland's relaxation of the trading of virtual products through the Hong Kong Stock Connect
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