Chen Maobo: Several more virtual asset trading platform licenses may be issued before the end of the year

According to Hong Kong media reports, Hong Kong Financial Secretary Paul Chan said that since the digital asset policy declaration was issued two years ago, there have been a number of progress in the short term, including the introduction of regulatory requirements for virtual asset trading platforms. So far, three operators have been licensed. It is expected that several more licenses will be issued before the end of this year. This year, the Hong Kong government plans to promote legislation on this. Chan Maobo also mentioned that the important theme in the financial sector in the next two years is: blockchain and artificial intelligence (AI). The government embraces new technologies while also paying attention to the latent risks they bring, so balance and supervision are very important. The largest financial technology investment in Asia this year, 3 in the mainland and 2 in Hong Kong, shows that the Hong Kong financial technology market is attractive.