PANews reported on November 23 that according to Hong Kong media Ta Kung Pao, the CEO of the Hong Kong Securities and Futures Commission, Leung Fung-yee, stated at the Wealth Management Summit that after the cross-border wealth management connect and ETF connect further expanded the sales network of Hong Kong funds in the Mainland, the measures for the mutual recognition arrangement of funds between the Mainland and Hong Kong may be further relaxed before the end of the year. She also emphasized that the regulation of virtual assets is to regulate products rather than technology. The most important thing is to ensure that investors are protected and whether the security is sufficient. The Securities and Futures Commission is working closely with the HKMA to explore the use of tokenized deposits to participate in bond and fund subscriptions through a pilot program.