Hong Kong Financial Secretary: Very optimistic about the development of virtual assets in Hong Kong

During a briefing on Hong Kong's economic situation to the Financial Affairs Committee, Financial Secretary Paul Chan Mo-po was asked by Legislative Council member Wu Chi-wai about the balance between innovation and risk in Hong Kong's financial industry, as the public questioned how it would handle the fact that large overseas exchanges have been unable to obtain licenses to operate virtual asset platforms in Hong Kong.In response, Financial Secretary Paul Chan Mo-po stated that "for all exchanges, we adopt the same level of risk, rules, and supervision with regards to virtual asset platform licenses. I am very optimistic about the development of virtual assets in Hong Kong."