Edward Yau: Several more virtual asset trading platform licenses may be issued by the end of the year.

According to Jinse Finance, the Hong Kong financial secretary, Paul Chan Mo-po, disclosed to Hong Kong media Sing Tao Daily that since the digital asset policy declaration was made two years ago, there have been several advancements in the short term. These include the introduction of regulatory requirements for virtual asset trading platforms, with three operators having obtained licenses so far. It is expected that several more licenses will be issued by the end of this year, and the Hong Kong government plans to promote legislation on this matter. Chan Mo-po also mentioned that the important themes in the financial sector for the next two years are blockchain and artificial intelligence (AI). While the government embraces new technologies, it also pays attention to the potential risks they bring. Therefore, balance and regulation are crucial. Since the beginning of this year, Asia’s largest financial technology investments include three in mainland China and two in Hong Kong, indicating that the fintech market in Hong Kong is attractive.