The Hong Kong Securities and Futures Commission (SFC) and the Securities Association of Hong Kong (SAC) exchanged regulatory opinions on virtual assets and new financial products, and discussed clarifying the role of market makers.

The Hong Kong Securities and Futures Professionals Association officially announced that it has held a meeting with the Hong Kong Securities and Futures Commission (SFC) to focus on the development and regulation of the virtual asset industry and new financial products. The meeting primarily interpreted the latest policies, discussed compliance standards and over-the-counter (OTC) trading regulations, and explored the application of tokenized securities and the development path of derivatives. The meeting also discussed optimizing asset transfer processes, clarifying the role of market makers, and improving company upgrade mechanisms, aiming to jointly promote the sound development of the industry.