Huang Tianyou: Hong Kong's virtual asset trading volume reaches HKD 640 billion

The Chairman of the Hong Kong Securities and Futures Commission, Wong Tin Yau, stated that Hong Kong has expanded the scope of licensed institutions' products and services, including professional investor product selection, pilot trading of tokenized products in the secondary market, virtual asset financing services, and regulatory framework for leveraged products. By 2025, the trading volume of 12 licensed virtual asset trading platforms in Hong Kong will reach HKD 640 billion, with a year-on-year increase of three times in the first quarter of this year. The commission income of virtual asset related brokers increased by over 80% year-on-year last year. Hong Kong will optimize the regulatory framework for virtual assets, covering custody, trading, asset management, and investment advisory. The public consultation on the relevant licensing system has been completed, and a bill is planned to be submitted to the Legislative Council in 2026.