Chan Mo-po: The Hong Kong Securities and Futures Commission will promote the implementation of a licensing system for virtual asset trading platforms

Dr. Edward Yau Tang-wah has been appointed as the Chairman of the Hong Kong Securities and Futures Commission today. Hong Kong Financial Secretary Paul Chan Mo-po stated that under Dr. Yau's leadership, the Commission will continue to play both the roles of regulator and market developer, ensuring fair, transparent and orderly operation of the local securities and futures markets, while focusing on reform and innovation to consolidate and enhance Hong Kong's position as an international financial center. The Securities and Futures Commission has also continued to promote the development of regulatory systems, such as the licensing regime for virtual asset trading platforms, to enable responsible and sustainable development. The Commission is also actively involved in international regulatory cooperation and standard-setting.