聚焦流动性与创新 香港证监会公布数字资产监管完整路线

Group 1 - The core focus of the Hong Kong Securities and Futures Commission (SFC) is to enhance market liquidity and optimize regulatory measures to foster the development of the digital asset ecosystem [1][2] - The SFC's ASPIRe roadmap aims to create a forward-looking regulatory framework that enhances market quality, resilience, and international competitiveness, marking a critical phase for the development of digital assets in Hong Kong [1] - The SFC has completed consultations on regulating virtual asset trading and custody services and is advancing legislative procedures to ensure a smooth transition to a statutory regulatory framework for market participants [1] Group 2 - A significant initiative allows affiliated market makers to operate on licensed virtual asset trading platforms, which must adhere to strict conflict of interest monitoring, data security measures, and functional independence [2] - The SFC is expanding the types of virtual asset products while maintaining regulatory safeguards consistent with traditional financial market standards, including the introduction of virtual asset margin financing [2] - A high-level framework for perpetual leveraged contracts aimed at professional investors will be established, emphasizing transparency in risk disclosure and robust internal risk management measures [2] Group 3 - The SFC plans to launch a digital asset accelerator under the Relationships pillar, facilitating systematic communication between the SFC and industry innovators [3] - The accelerator will provide clear guidance to market builders and assist in resource allocation, exploring new market maker models, financing mechanisms, and leveraged products [3] - The SFC emphasizes that liquidity must be nurtured in an open market environment with a sound governance framework and targeted regulatory design, positioning Hong Kong as a leading global digital asset center [3]