Hong Kong lawmakers proposed and passed a motion to allow retail investors to participate in more virtual asset transactions of different types and currencies

Li Weihong, a member of the Hong Kong Legislative Council (financial services sector), put forward the motion "Promoting high-quality development and building a financial powerhouse" at the Legislative Council meeting yesterday (November 27) and passed it. It is reported that the motion mainly focuses on six strong key core elements, and the development of technology finance, green finance, inclusive finance, pension financing and digital finance "five big articles" to achieve the goal of financial strength. In digital finance, he proposed to allow retail investors to participate in more different types and currencies of virtual asset transactions, and the Securities Supervision Commission to speed up the approval of license upgrades. He also believes that Hong Kong can study the establishment of a Hong Kong version of the ESG certification system to assist domestic enterprises in making ESG reports that meet international standards.