PANews reported on October 28 that according to Jinshi, in order to support licensed virtual asset trading platforms to develop sustainable business models, the Hong Kong Securities Regulatory Commission is establishing a formal advisory group for all licensed virtual asset trading platforms, composed of representatives from each licensed institution, to ensure that the Securities Regulatory Commission considers their views in the policy-making process. The Hong Kong Securities Regulatory Commission expects the advisory group to be launched in early 2025. The Hong Kong Securities Regulatory Commission will publish a white paper on priority regulatory issues in the virtual asset industry in the future, which will be based on future discussions of the group and feedback from other stakeholders.