Hong Kong has announced that its official website's position on cryptocurrencies is different from that of China. What reassures Hong Kong web3.0 companies is that Hong Kong is now considering offering sales service projects to stock investors in every data encryption trading center and intermediary service.
At a group discussion meeting held by the Investment Promotion Administration, Huang Yihong, the head of the Securities and Futures Trading Regulatory Commission (CSRC) and the head of the National Ministry of Science and Technology of the financial industry, said:,
The "one country, two systems" standard has formed the most basic foundation of Hong Kong's financial system. The fact that Hong Kong can issue its own laws to control cryptocurrencies shows how separate Hong Kong and the mainland are
Huang added that the introduction of retail participation to allow "foreign direct investment in virtual property" may lead to a significant change in the position of the CSRC in the past four years. The current position of the CSRC restricts professional investors from conducting cryptocurrency trading in the centralized trading center.
In addition, its concept for professional investors is consumers with an asset allocation of HK $8 million or US $1 million. Professionals have already indicated that only the professional processing method is the important reason to promote the data encryption business process away from the city.
Therefore, this industry change is able to attract financial management companies that have left, and Hong Kong has been trying to repair its reputation as a cryptocurrency center.
In addition, Hong Kong senior officials will release a new cryptocurrency policy during the Internet Finance Week next week. The planners of the theme activity indicated that the latest policy will share the "corporate vision of developing Hong Kong into an international virtual property center", making the virtual property market prospect fully transparent to the international market.