Hong Kong Lawmaker Proposes Dedicated Digital Asset Unit at Securities Regulator

Hong Kong Legislative Council member Qiu Dageng, who represents the technology and innovation sector, has issued a policy proposal titled "3+3 Synergistic Development Blueprint" on Hong Kong's innovation path for integrating into the country's future industries. According to Odaily, the proposal calls for the Hong Kong Securities and Futures Commission to establish an independent digital asset division and aims to make Hong Kong an international digital asset hub by 2032. The blueprint also proposes early-stage investment channels for Web3 finance, explores a Hong Kong version of a Web3 Pinksheet over-the-counter fundraising mechanism, and promotes the tokenization of real-world assets and tokenized stocks.