Hong Kong lawmakers have proposed and passed a motion to allow retail investors to participate in more types of virtual asset trading in different currencies

2024-11-28 16:09:20

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ChainCatcher news, Hong Kong Legislative Council member (Financial Services Sector) Lee Wai-hung proposed the motion "Promoting High-Quality Development and Building a Financial Power" at the Legislative Council meeting yesterday (November 27) and it was passed.

It is reported that the motion mainly revolves around six strong key core elements, and aims to achieve the goal of a strong financial sector through the development of "five major areas" including technology finance, green finance, inclusive finance, pension finance, and digital finance. In terms of digital finance, he suggested allowing retail investors to participate in more types of virtual asset trading in different currencies, as well as expediting the approval process for license upgrades by the Securities and Futures Commission.

He also believes that Hong Kong could explore establishing a Hong Kong version of the ESG certification system to assist domestic enterprises in making ESG reports that meet international standards.

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