Hong Kong Securities Supervision Commission Chief Executive Officer Liang Fengyi: Plans to explore the use of tokenized deposits to participate in bond and fund subscriptions

Hong Kong Securities Supervision Commission Chief Executive Officer Leung Fung-yee said at the Wealth Management Summit that after the cross-border wealth management link and ETF link further expand the sales network of Hong Kong funds in the mainland, measures to further relax the mutual recognition arrangement between the mainland and Hong Kong funds may be further relaxed before the end of the year. She also stressed that the regulation of virtual assets is to regulate products rather than technology. The most important thing is to ensure that investors are protected and whether the security is sufficient. The Securities Supervision Commission is working closely with the HKMA to explore the use of tokenized deposits to participate in bond and fund subscriptions through a pilot scheme.