According to ChainCatcher, citing the China Financial News, the Secretary for Financial Services and the Treasury of Hong Kong, Christopher Hui, previously 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.
The China Financial News quoted analysts who noted that based on international experience, in the initial policy stage, Hong Kong's derivatives market is expected to pilot perpetual contracts for mainstream virtual assets such as Bitcoin and Ethereum. Drawing from international practices, multiple international institutions, including the Singapore Exchange (SGX), Coinbase and the U.S. Commodity Futures Trading Commission (CFTC), as well as the European MiFID II regulatory framework, have prioritized perpetual contracts as a key direction for virtual asset derivatives.
