According to the South China Morning Post, Leung Fung-yee, the new chief executive of Hong Kong's Securities and Futures Commission, said at the Asian Financial Forum that after the implementation of new licensing rules for virtual asset service providers in June, virtual asset trading will be limited to retail investors. High liquidity product. The CSRC will issue a consultation paper this quarter detailing the products and conditions for retail investors to trade virtual assets, as well as licensing requirements for virtual asset trading platforms. Asked whether regulators could include cryptocurrencies such as bitcoin or ethereum in the initial list of virtual assets, Leung said only "highly liquid" assets would be allowed for retail trading.