Zou Chuanwei: Whether funds from the south and domestic investors in Hong Kong can invest in Bitcoin spot ETFs needs to be discussed with mainland financial supervision departments

Zou Chuanwei, Director of the Frontier Financial Research Center at the Shanghai Finance and Development Laboratory, stated in an interview with the Hong Kong Economic Herald that Hong Kong needs to explore suitable entry standards for trading products in the establishment of virtual asset exchanges. Firstly, the criteria for "qualified large virtual assets" for retail investors to buy and sell can be appropriately relaxed. "Qualified large virtual assets" refer to virtual assets included in at least two "accepted indices" launched by at least two independent index providers, but the index providers are non licensed institutions. Secondly, the requirement for non securities tokens to have a history of at least 12 months can also be appropriately relaxed; Otherwise, the Hong Kong licensed virtual asset exchange would only trade assets already generated in other places, which are likely to be non compliant offshore exchanges. Hong Kong can launch Bitcoin spot ETFs as soon as possible. The United States has already launched Bitcoin spot ETFs, which proves that the risk is also controllable. Can southbound funds and domestic investors in Hong Kong invest in Bitcoin spot ETFs? This issue needs to be discussed with the mainland financial supervision department.