The Chief Executive of the Hong Kong Securities and Futures Commission, Leung Fung yee, stated at the Wealth Management Summit that after further expanding the sales network of Hong Kong funds in mainland China through cross-border wealth management and ETF channels, the measures for mutual recognition arrangements between mainland and Hong Kong funds may be further relaxed before the end of the year. She also emphasized that regulating virtual assets is a regulatory product rather than technology, and the most important thing is to ensure that investors are protected and whether the security is sufficient. The Securities and Futures Commission is working closely with the Hong Kong Monetary Authority to explore the use of tokenized deposits to participate in bond and fund subscriptions through a pilot program.
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