Hong Kong Securities Regulatory Commission: support the proposal on promoting the development of Hong Kong’s digital economy and establishing a task force on the development of virtual assets
It is reported that the Hong Kong Securities Regulatory Commission welcomes the various measures proposed by the Financial Secretary, Mr. Chen Maobo, in the 2023-2024 government budget to further consolidate Hong Kong’s status as an international financial center. Mr. Lei Tianliang, chairman of the SFC, said that the proposed measures to develop Hong Kong into an international green technology and financial center would lead to sustainable and high-quality growth through technological innovation. The SFC also supports the proposal to promote the development of Hong Kong’s digital economy and establish a task force on the development of virtual assets. In this regard, the CSRC recently launched public consultation on the proposed regulatory provisions applicable to the virtual asset trading platform. These provisions are designed to ensure that investors can be fully protected by a series of appropriate safeguards.
Interpretation of this information:
The Hong Kong Securities Regulatory Commission has expressed its support for the proposed measures in the government budget to strengthen Hong Kong’s position as an international financial center. The chairman of the SFC, Lei Tianliang, has praised the focus on green technology and digital economy, which he believes will lead to sustainable and innovative growth in the long term. In particular, the SFC supports the establishment of a task force to develop virtual assets while ensuring that investors are fully protected by appropriate regulations.
Interpretation:
The Hong Kong Securities Regulatory Commission is fully supportive of the proposed measures in the 2023-2024 government budget aimed at consolidating Hong Kong’s position as a leading international financial center. The statement from the chairman of the SFC indicates that the proposed measures to develop green technology will pave the way for sustainable growth through technological innovation. The focus on the digital economy is also seen as a positive step, and the SFC expresses support for the development of virtual assets, subject to appropriate regulation to protect investors’ interests.
This article and pictures are from the Internet and do not represent 96Coin's position. If you infringe, please contact us to delete:https://www.96coin.com/41962.html
It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.