Hong Kong Securities Supervision Commission supports the market to promote regulatory compliance of digital asset funds and tokenized funds

The Hong Kong Securities Supervision Commission last week expressed its support for market-driven regulatory compliance at a seminar organised by the Hong Kong and Greater Bay Area Fund Administrators Association to raise awareness of regulatory compliance standards in the burgeoning digital asset industry. Dr. Ip Chi Heng, Executive Director of the Intermediaries Division of the Hong Kong Securities Supervision Commission, delivered a keynote speech at the seminar. At the seminar, the Hong Kong and Greater Bay Area Fund Administrators Association discussed a number of risk management and monitoring measures to support the management of digital asset funds and tokenized funds. Notably, the discussion highlighted the importance of inter-industry collaboration to enhance the adoption of innovative technology in fund management while enhancing the technical and regulatory compliance capabilities related to digital assets. Dr. Ip said: "The Securities Supervision Commission is committed to enhancing professional standards and promoting mutual trust in the digital asset market. By supporting the industry's continued commitment to comply with regulatory requirements in managing digital asset funds and tokenized funds, we expect to build a safe, reliable, sustainable and competitive digital asset fund ecosystem based on sound risk management and investor protection." (Jin Ten)