News list for " Treasury Bureau"
Xu Zhengyu, Secretary for Financial Services and the Treasury of Hong Kong, said in a radio interview that Hong Kong, as an asset management center or hub, will consult the market on the virtual asset custodian system this year and will gradually establish the entire virtual asset ecosystem, so that the market can not only develop sustainably, but also further integrate the new financial sector with the real economy.
Hong Kong's Secretary for Financial Services and the Treasury, Hui Zhengyu, wrote in his online column "Treasury Theory" that Hong Kong has added virtual assets and other qualifying asset classes. There are currently more than 1,100 fintech companies, with an annual growth rate of 15%. Hong Kong will continue to promote the central bank's digital currency, mobile payment, digital banking, virtual asset trading, etc. Technology applications, and promote the healthy, responsible and sustainable de...
Hong Kong Secretary for Financial Services and the Treasury Hui Cheng-yu said during a visit to Zurich, Switzerland, that Hong Kong will consult the industry to increase the types of eligible transactions for which funds and single-family offices can enjoy tax concessions to cover emissions derivatives/emission limits, insurance-linked securities, loans and private credit investments, virtual assets, etc. He also said that green bonds issued by the Hong Kong government have so far successfully i...
On October 30th, Joseph H.L. Chan, JP, Deputy Secretary for Financial Services and the Treasury of Hong Kong, delivered the opening speech at the 2024 SmartCon conference organized by Chainlink and said, "Decentralized innovation infrastructure relies on secure oracles to make it work. Last year, I witnessed the enthusiasm of builders and users in the Chinese community, telling myself that Asia and Hong Kong must understand these opportunities from changing communities. And changing communities ...
The Deputy Secretary for Financial Services and the Treasury of Hong Kong, Mr. Albert Chan, said that the second round of public consultation on the regulation of virtual assets over the counter (OTC) will be completed next year, and the proposed licensing system for regulating virtual asset custody service providers will also be proposed for consultation next year to ensure that the safe custody of digital assets meets international standards. Chen Haolian stressed that the licensing system for...
Hong Kong's Secretary for Financial Services and the Treasury, Hui Cheng-yu, said in the blog "Treasury Theory" that in terms of expanding the eligible asset classes, it is recommended to broaden the eligible asset classes, in line with the overall financial development strategy of the Finance and Treasury Bureau, to add carbon emission derivatives/emission allowances, insurance-linked securities, loans and private debt investments, and virtual assets, etc., so that transactions of such assets c...
Speaking at the Standard Chartered Awards 2024 today (October 21), the Secretary for Financial Services and the Treasury, Mr. Hui Cheng-yu, said that the Treasury Bureau will soon issue a policy statement on the application of artificial intelligence in financial marekt, and will further improve the regulation of virtual asset transactions, develop the blockchain digital asset currency ecosystem, and promote real-world asset tokenization and digital currency ecosystem.
The Hong Kong Financial Services and the Treasury Bureau and the Hong Kong Monetary Authority Deputy Secretary Chen Haolian reiterated at the event that necessary preparations are being made for the legislation on the regulatory regime for fiat currency stablecoin issuers, with the goal of submitting the draft legislation to the Legislative Council by the end of this year. The Hong Kong government is committed to the development of virtual assets and the third-generation Internet (Web 3...
On July 19, Hong Kong Deputy Secretary for Financial Services and the Treasury Chen Haolian said at the meeting of the Legislative Council Web3 and the Subcommittee on Virtual Asset Development that the authorities are currently drafting the second draft of the bill to implement the regulatory system for fiat currency stablecoin issuers in Hong Kong, with a view to submitting the bill to the Legislative Council for consideration by the end of this year.
In replying to Mr. Hui's question, the Secretary for Financial Services and the Treasury of Hong Kong, Hui Cheng-yu, said that since the launch of the New Capital Investor Entry Scheme, Invest Hong Kong will also consider accepting applicants' assets held by their wholly-owned private companies as proof of assets according to the actual circumstances of the case. If the applicant through its...
