Hong Kong is considering introducing virtual asset derivatives trading

According to a report by People's Financial Information, reported that the Secretary for Financial Services and the Treasury of Hong Kong, Xu Zhengyu, stated that the Hong Kong Securities and Futures Commission is considering introducing virtual asset derivative trading for professional investors and will develop robust risk management measures. These measures will further enrich the product options in the Hong Kong market while ensuring that trading is conducted in an orderly, transparent, and safe manner. Additionally, in light of the latest developments in the virtual asset market, the Financial Services and the Treasury Bureau will publish a second virtual asset policy declaration, outlining the next policy vision and direction. This includes exploring how to combine the advantages of traditional financial services with technological innovation in the virtual asset field, improving the safety and flexibility of real economic activities, and encouraging local and international enterprises to explore innovation and application of virtual asset technology. At the same time, it will further optimize the preferential tax system for funds, single-family offices, and accompanying equity, including incorporating virtual assets into qualified transactions eligible for tax concessions.