Core Viewpoint - The Hong Kong Securities and Futures Professionals Association (HKSFPA) emphasizes that the virtual asset market in Hong Kong has entered a "post-licensing era," where liquidity and practical applications are more critical than mere licensing [1] Group 1: Recommendations for Government Budget - HKSFPA suggests a shift in the 2026-27 budget from "regulatory infrastructure" to "commercial promotion" [1] - Recommendations include accelerating token listing approvals and introducing international liquidity [1] - The association advocates for the development of a secondary market for Real World Assets (RWA) [1] Group 2: Integration and Activation of Funds - HKSFPA encourages licensed platforms to connect with traditional brokers through integrated accounts to activate existing funds [1] - The deepening of the Hong Kong Monetary Authority's Project Ensemble is recommended to promote the practical application of tokenized deposits and stablecoins [1] Group 3: Risks of Inaction - The opinion letter warns that a prolonged state of "licensed but inactive" could lead to mergers or exits of licensed platforms [1] - There is a risk that Hong Kong's status as a virtual asset hub may decline if proactive measures are not taken [1]
HKSFPA 意见书：香港虚拟资产 “后发牌时代” 需转向商业化 警告 “不进则退” 风险
Xin Lang Cai Jing·2026-01-20 11:41