ChainCatcher news, according to the Beijing News, the Chief Executive of the Hong Kong Special Administrative Region, John Lee, stated at the 17th Asian Financial Forum that Hong Kong is planning to issue a second batch of tokenized green bonds. Hong Kong has the capability to combine the bond market with green sustainable finance and financial technology, while the financial regulatory authorities will also appropriately use regulatory measures to prevent related risks.

ChainCatcher news, following the alleged fraud case involving the cryptocurrency trading platform JPEX, the police and the Securities and Futures Commission have recently investigated another platform "HOUNAX," involving funds of 148 million yuan. Currently, the official Facebook page of this platform is no longer accessible.In response to the regulation of virtual platforms and fraud, Hong Kong Chief Executive John Lee stated that government regulation is very important to protect investors' interests while cracking down on unlicensed platforms. If there is a need to empower regulatory agencies, the government will actively cooperate. In addition, investors must use licensed platforms for virtual asset trading online to safeguard their interests.

ChainCatcher news, according to the Hong Kong Economic Journal, Chief Executive John Lee stated that the Securities and Futures Commission has announced a list of different trading platforms, which he believes will help investors make decisions. He urged investors to invest in licensed platforms, as those investing in unlicensed platforms must bear the risks themselves.In addition, John Lee stated that the authorities will ensure that the information provided is as transparent and clear as possible, promote investor education, and advise everyone to understand the nature and risks of investment products as much as possible.

ChainCatcher news, according to Hong Kong's Sing Tao Daily, the Chief Executive of the Hong Kong Special Administrative Region, John Lee, expressed his concern on September 21 during a speech at a reception celebrating the 74th anniversary of the founding of the People's Republic of China and the 26th anniversary of the return of Hong Kong to China. He mentioned a fraud case involving a virtual asset trading platform that has not obtained a license. He believes that investor education is very important, and the financial services sector must clearly inform investors of the risks when recommending any investment projects. This incident highlights the importance of investing in licensed and regulated virtual asset trading platforms; otherwise, investors find it difficult to obtain protection. He stated that the SAR government's policy is to implement an effective regulatory system to protect investors; to ensure that relevant information is disclosed transparently; and to emphasize and promote investor education.In addition, Legislative Council member Lee Wai-hung stated during his speech that the JPEX incident proves that establishing a sound licensing system for virtual assets in Hong Kong is the right move. He urged the public to use licensed institutions and reputable companies, and not to easily trust unlicensed so-called internet celebrities or investment experts. He reminded the public that no investment product offers extremely high returns with no risk at all.The virtual asset trading platform JPEX has recently been named by the Hong Kong Securities and Futures Commission as operating without a license. According to Hong Kong media reports, the police have arrested 11 people in connection with the case, involving an amount of approximately HKD 1.3 billion (about RMB 1.195 billion).

ChainCatcher news, Hong Kong SAR Chief Executive John Lee stated that regarding the virtual asset trading platform JPEX case, he has requested the police and the Securities and Futures Commission to meet with the media this afternoon (19th) to explain the relevant events.John Lee pointed out that the SAR government's policy stance on virtual assets is to have an effective regulatory system, to ensure that information related to virtual assets is disclosed openly and transparently, and to emphasize and promote investor education.John Lee mentioned that this incident reflects the importance of regulation, including the necessity to invest in regulated and licensed trading platforms, and the importance of individuals understanding virtual assets and the associated risks. He emphasized that the current licensing system is designed to protect investors, and the Securities and Futures Commission will monitor market changes to ensure that investors' interests are fully protected. The authorities will also vigorously promote investor education.

ChainCatcher news, Hong Kong SAR Chief Executive John Lee delivered a speech at the Innovation, Technology and Arts Development Summit Forum 2023 held today, stating that this forum is themed "Web 3.0 Return: Building a New Golden Starting Point," closely aligning with Hong Kong's direction for developing new growth points in innovation technology and cultural arts under the "14th Five-Year Plan." Web 3.0 represents a new direction for the internet, integrating technologies that have gained significant attention in recent years, and has the potential to become a trend driving the future development of finance and commerce.John Lee emphasized that the SAR government values the development of fintech and Web 3.0, and issued a policy declaration, clearly stating that Hong Kong holds an open and inclusive attitude towards global innovators engaged in virtual asset businesses. The government will collaborate with financial regulatory bodies to create a favorable environment that promotes the sustainable and responsible development of Hong Kong's financial industry. In June of this year, Hong Kong has already implemented a new licensing system for virtual asset trading platforms and is actively exploring regulatory arrangements for stablecoins. The government is also closely monitoring international developments to ensure that Hong Kong's regulatory requirements are prudent and facilitate market development.

ChainCatcher news, at the 2023 Digital Economy Summit, Hong Kong SAR Chief Executive John Lee stated that this year's budget will allocate over HKD 700 million to accelerate the development of the digital economy, and over HKD 9 million will be allocated to launch a series of international initiatives and measures. He emphasized the promotion of the development of Hong Kong's virtual asset industry, noting that Web 3.0, as the representative of the third generation of the internet, has immense growth potential. (Source: )

ChainCatcher news reports that, according to multiple sources, the Hong Kong Web3.0 Association, composed of several financial technology companies from Hong Kong and mainland China, industry leaders, and multiple Legislative Council members, will be officially established on the 11th. The former president of the Monetary Authority, Norman Chan, who has invested in financial technology in recent years, will serve as the president, while the former Secretary for Financial Services and the Treasury, Chan Ka-keung, will take on the role of chief financial advisor. It is understood that Chief Executive John Lee and leaders from the Liaison Office of the Central People's Government will attend the inauguration ceremony held in the lobby of the Hong Kong Stock Exchange to demonstrate the support of the central and Hong Kong SAR governments.The news indicates that the members of the association are all heavyweight figures in the industry, including Legislative Council member and co-founder of the startup accelerator G-Rocket, Wu Jietzhuang, Chairman of China Mobile Hong Kong, Li Feng, co-founder of Zhongyou Game, Xi Handi, Vice President of Douyin Group, Tian Xiaoan, and Legislative Council member from Hong Kong's technology and innovation sector, Lau Tak-kwong, among others.In addition to the relevant association, Hong Kong will also establish the Web3Hub fund to support more overseas Web3.0 companies to settle in Hong Kong. Wu Jietzhuang stated that the Web3Hub fund is very important, as many entrepreneurs in innovative industries are still deciding whether to develop in Singapore or Hong Kong. He believes that through the fund and some acceleration programs, many technology-driven teams can be attracted to develop in Hong Kong. He is confident that Hong Kong can leverage its traditional financial advantages combined with technology projects to become the most important Web3.0 center in Asia, and it may also become one of the leading centers in the world. (source link）

ChainCatcher news, Hong Kong Chief Executive John Lee published his first "Policy Address" during his term, mentioning that the government will take measures to comprehensively enhance the competitiveness of Hong Kong's financial services.Regarding virtual assets, the government has submitted a draft bill proposing the introduction of a statutory licensing system for relevant service providers. The Hong Kong Monetary Authority is studying market opinions on regulating stablecoins and will ensure that the regulatory framework aligns with international regulatory recommendations and is suitable for local conditions.In addition, the Hong Kong Monetary Authority has begun preparations for the "Digital Hong Kong Dollar" and is collaborating with mainland institutions to expand the testing of "Digital Renminbi" as a cross-border payment tool in Hong Kong. (Source link）