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The FSDC proposes four growth paths to promote Hong Kong as a digital asset hub

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2024-05-21 03:52:29
Au Jing-lin, Chief Executive Officer of the Hong Kong Goldilocks Bureau, attended the annual meeting of the Hong Kong Association of Independent Non-Executive Directors 2024 and pointed out that Hong Kong can develop from four growth paths, namely: an asset and wealth management center, an international sustainable financial center, promoting Hong Kong as a digital asset center, and an international innovation and technology center.
Au Jinglin said that the Hong Kong government is committed to supporting the development of the Web 3.0 ecosystem, and has allocated 50 million yuan in the 2023-2024 budget to accelerate the development of the ecosystem; the Securities Supervision Commission has recognized virtual asset futures and spot ETFs to allow retail investors to invest in regulated virtual asset products, of which virtual asset spot ETFs are the first listed products in Asia.
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