On January 22, according to Zhitong Finance Network, Ye Zhiheng, executive director of the Intermediary Department of the Hong Kong Securities Regulatory Commission, revealed that a new license for a virtual asset trading platform will be approved in the near future, and good news is expected in the first quarter of 2025. It is reported that the regulatory agency has completed on-site inspections of all applicants, and there are currently 11 platforms on the application list. Ye Zhiheng emphasized that regulatory agencies will strictly adhere to regulatory bottom lines such as investor protection and network security. At the same time, the Hong Kong Securities and Futures Commission plans to set up a licensed platform advisory group after the Lunar New Year and invite senior executives of licensed platforms to participate to ensure that industry opinions are fully considered in the policy formulation process.