香港证监会：准许持牌虚拟资产交易平台与关联海外平台共享挂盘册

Group 1 - The Hong Kong Securities and Futures Commission (SFC) has issued two new circulars outlining expectations for licensed virtual asset trading platform operators, marking a significant step towards connecting global liquidity and expanding product and service offerings [1][2] - One circular allows platform operators to merge trading instructions with affiliated overseas virtual asset trading platforms into a shared order book, aimed at attracting global platforms, trading flows, and liquidity providers [1] - This initiative is part of the ASPIRe roadmap's pillar A (Access), which is expected to enhance market liquidity and competitive pricing for Hong Kong investors while reducing additional risks under robust safeguards [1] Group 2 - The second circular permits platform operators to sell virtual assets without a 12-month track record to professional investors, as well as stablecoins licensed by the Hong Kong Monetary Authority, and to offer tokenized securities and digital asset-related investment products [2] - Additionally, affiliated entities of platform operators can provide custody services for virtual assets or tokenized securities not traded on the respective platforms [2] - The SFC's CEO emphasized that steadily expanding market liquidity and commercial products and services is crucial for the sustainable development of Hong Kong's digital asset ecosystem [2]