Chen Zhihua, President of the Hong Kong Securities and Futures Association, called on Hong Kong’s virtual asset market to relax participation restrictions on mainland residents
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2024-11-26 10:02:01 9,068
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Golden Finance reported that Chen Zhihua, president of the Hong Kong Securities and Futures Association, proposed six keys for Hong Kong to improve the field of virtual assets, including: relaxing participation restrictions on mainland residents and allowing more mainland residents to participate in Hong Kong’s virtual asset market, which will introduce A large amount of capital and technology will enhance the vitality and liquidity of the market and expand Hong Kong's influence as a financial center. In a recent case decided by the People's Court of Songjiang District, Shanghai, the court ruled that it is not illegal for individuals to hold virtual currencies. From this perspective, based on foreign exchange control, we can refer to the "Hong Kong Stock Connect" approach to allow domestic funds to invest in Hong Kong's virtual assets in a closed-loop manner. Related products, starting with ETFs for example.