Hong Kong Securities Supervision Commission introduces measures to promote global connectivity of digital asset markets

Hong Kong has included "connectivity to global liquidity" in its digital asset roadmap, with the goal of connecting Hong Kong investors to global markets and attracting more institutional trading business to Hong Kong, said Huang Le Xin, director of the intermediary department and head of the financial technology group of the Hong Kong Securities Supervision Commission. The Hong Kong Securities Supervision Commission will allow licensed cross-border trading platforms to share global order books with overseas related parties as a first step to achieve global connectivity. It is currently promoting ecological improvement through two consultations. It plans to issue licenses for virtual asset custodians and explore the inclusion of investment advisory services and specific asset classes in the scope of regulation. (Jin Ten)