Hong Kong Securities and Futures Commission (SFC) plans to introduce digital asset derivatives trading for professional investors, aiming to expand its global virtual asset market position.
The SFC will prioritize robust risk management and implementation of orderly, transparent, and secure trades for the new digital asset derivatives in Hong Kong.
Hong Kong is enhancing its fintech sector by offering tax concessions to attract global digital asset firms, with more than 1,100 fintech companies already operating in the region.
Recent policy developments in Hong Kong include tax law changes to provide relief to digital asset-related entities and the approval of various virtual asset products, strengthening the country's position as a growing digital asset center.