Wu Jiezhang: Suggests Hong Kong establish a digital asset foreign exchange fund and a unified trading and settlement platform for blockchain

ChainCatcher news, according to the Wen Wei Po report, Hong Kong Legislative Council member Wu Jiezhuang stated that he suggested promoting the establishment of a unified blockchain trading and settlement platform for licensed virtual asset trading platforms in Hong Kong, facilitating 24/7 uninterrupted trading through the tokenization of physical assets. He pointed out that to address the bottlenecks in the development of the digital economy, such as financing difficulties for small and medium-sized enterprises in the mainland and inefficiencies in cross-border transactions, he proposed setting up a digital asset foreign exchange fund in Hong Kong to provide digital asset collateral financing for small and medium-sized enterprises in the Greater Bay Area, while also promoting financial circulation in the Greater Bay Area.