PANews reported on October 28 that according to Hong Kong media Sing Tao Daily, Hong Kong Financial Secretary Paul Chan said that since the announcement of the Digital Asset Policy Declaration two years ago, there have been a number of developments in the short term, including the introduction of regulatory requirements for virtual asset trading platforms. So far, three operators have been licensed, and several more licenses are expected to be issued before the end of this year. The Hong Kong government plans to promote legislation in this regard this year.
Chan Mo-po also mentioned that the important themes in the financial field in the next two years are: blockchain and artificial intelligence (AI). While the government embraces new technologies, it also pays attention to the potential risks they bring. Therefore, balance and supervision are very important. Of the largest fintech investments in Asia this year, three are in the Mainland and two are in Hong Kong, which shows that Hong Kong's fintech market is attractive.
