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Coonsensus Hong Kong Conference: Detailed explanation of the commitment from Web3 policy to infrastructure

Linda Hamilton
Linda HamiltonOriginal
2025-03-04 10:36:01230browse

Coonsensus Hong Kong Conference: Detailed explanation of the commitment from Web3 policy to infrastructure

Hong Kong is actively building an Asian crypto asset center and held the 2025 Consensus Hong Kong Conference from March 18 to 20 to show the world its crypto asset development blueprint and a series of support policies aimed at attracting international investment and innovative technologies.

New chapter of Hong Kong's crypto asset policy

Facing the booming global crypto asset market, the Hong Kong Securities and Futures Commission (SFC) is actively adjusting its policies to attract international participants with a more open attitude. SFC CEO Leung Fengyi announced at the Consensus conference that it will launch a new license system covering services such as over-the-counter trading (OTC) and crypto asset custody, and review relevant regulations on derivatives and leveraged financing.

Liang Fengyi emphasized that the core of Hong Kong's development strategy is "market liquidity", aiming to create a more flexible business environment for enterprises, promote market maturity and stability, and attract global investment, especially funds in the cryptocurrency and blockchain sectors.

SFC issued the first international cryptocurrency exchange license to promote the internationalization process

Hong Kong has made significant progress in attracting international companies. On the first day of the Consensus Conference, SFC issued the first international cryptocurrency exchange license to the tenth trading platform. At the same time, the crypto asset development roadmap released by SFC includes 12 core measures, covering all aspects such as derivatives trading, leveraged financing and custody services, ensuring that Hong Kong maintains its competitive advantage in the crypto asset field.

Improve market liquidity and provide more options for professional investors

To meet diversified market demand, Hong Kong regulators are committed to improving market liquidity. Ye Zhiheng of the CSRC pointed out at the meeting that the future regulatory focus will be on expanding the types of trading platform products, especially financial instruments for professional investors, and further relaxing restrictions on leveraged financing and derivative trading.

SFC CEO Leung Fengyi also said that Hong Kong regulators will actively explore the launch of more products suitable for institutional investors, including derivative financial products and services, to provide professional investors with more investment options under the compliance framework.

Hong Kong's comprehensive investment in Web3: policy and infrastructure are carried out simultaneously

Hong Kong's crypto asset strategy is not only reflected in regulatory policies. Financial Secretary Chan Mo-po emphasized at the meeting that Hong Kong is vigorously investing in Web3 and related infrastructure construction. He pointed out that Cyberport and Science Park have become the centers of blockchain innovation and financial technology, and through industry-university-research cooperation, we will cultivate future blockchain and crypto asset talents.

In addition, the talent introduction plan launched by the Hong Kong government also provides strong support to professionals in the global blockchain and Web3 fields, further enhancing Hong Kong's competitiveness in the field of crypto technology.

Hong Kong's unique advantages: stand out from the competition

In the context of increasingly fierce competition in the global crypto asset market, Hong Kong stands out with its stable policies and clear regulatory framework. The principle of "same activities, same risks, and same supervision" ensures that all market participants are innovative and developing in a fair competition environment.

These policies not only attract foreign capital, but also provide local enterprises with greater development space. With the integration and development of blockchain technology and artificial intelligence, Hong Kong will become an important hub for global crypto assets and innovative technologies in the future.

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