According to BlockBeats, on June 13th, Leung Fung yee, CEO of the Hong Kong Securities and Futures Commission, stated that the commission had proposed a regulatory framework for virtual assets from the perspective of investor protection as early as 2018. Against the backdrop of multiple cycles, geopolitical and digital developments, Bitcoin has become an alternative asset and a tool for competing for the financial high ground. She emphasized that Hong Kong adopts the regulatory concept of "same business, same risk, same rules", and in addition to licensed exchanges, the next step will be to include over-the-counter trading and custodian institutions in the regulatory scope.
In her keynote speech, she further stated that in the current macro context, fluctuations in the capital market have become the new normal. Therefore, as a regulatory agency, the Hong Kong Securities and Futures Commission must respond with a flexible and robust regulatory approach to ensure the resilience of the Hong Kong market, while leveraging Hong Kong's unique advantages and seizing new opportunities. Simply put, the strategy of the Hong Kong Securities and Futures Commission consists of a "strong shield" and "three arrows": the strong shield symbolizes the resilience of the market and financial institutions, while the arrows represent targeted growth strategies aimed at unleashing the development potential of the market.
