Hong Kong Securities Supervision Commission: Hong Kong virtual asset trading platform licensing will be announced before the end of the year

Five providers of ESG ratings and data products have indicated they will sign up to the voluntary code, which was launched last month and covers four areas: good governance, systems and controls, conflict of interest management and transparency, RTHK's website reported on November 29.
Liang Fengyi pointed out that although the Securities Supervision Commission does not directly regulate ESG information providers, it expects to enhance the fairness and transparency of data collection through the code, so that users such as asset companies and fund companies can evaluate ESG products with greater peace of mind.
In addition, Liang Fengyi revealed that the licensing of virtual asset trading platforms in Hong Kong will be announced before the end of the year. The code follows the recommendations of the International Organization of Securities Supervision Commissions (IOSCO) and helps to combat the "greenwashing" phenomenon of global financial marekt and improve the transparency of financial marekt ESG information in Hong Kong.