香港证监会将出台虚拟资产两大指引

Core Viewpoint - The Hong Kong Securities and Futures Commission (SFC) is set to introduce two key guidelines aimed at enhancing the virtual asset market by allowing licensed virtual asset trading platforms to connect with global liquidity and fully opening up virtual assets to professional investors [2][3]. Group 1: Global Liquidity Access - The SFC's current regulatory framework for virtual asset trading platforms operates on a closed-loop trading model, which limits market liquidity and scale [2]. - The new guidelines will permit regulated virtual asset trading platforms in Hong Kong to share a global order book with associated overseas platforms, enabling local investors to access international liquidity and attract foreign capital to the Hong Kong market [2][3]. Group 2: Virtual Asset Admission Rules - The SFC will eliminate the previous requirement for virtual assets to have a 12-month trading record before being listed on trading platforms, thereby broadening the range of virtual assets available to professional investors [3][4]. - However, specific compliance requirements must still be met for retail investors before virtual assets can be made available for public trading, ensuring their safety [4].