Hong Kong is considering introducing virtual asset derivative trading

According to Foresight News, Hong Kong's Secretary for Financial Services and the Treasury, Eddie Hui, stated that the Hong Kong Securities and Futures Commission is considering introducing virtual asset derivative trading for professional investors and will develop robust risk management measures. The measures will further enrich the product options in the Hong Kong market, while ensuring that transactions are conducted in an orderly, transparent, and secure manner. In addition, due to the latest developments in the virtual asset market, the Financial Services and the Treasury Bureau will issue a second policy statement on the development of virtual assets, outlining the next policy vision and direction, including exploring how to combine the advantages of traditional financial services with technological innovation in the field of virtual assets, and improving the security and flexibility of real economic activities. It will also encourage local and international enterprises to explore innovation and application of virtual asset technology. At the same time, the preferential tax system for funds, single family offices, and carried interest will be further optimized, including the inclusion of virtual assets in eligible transactions eligible for tax incentives.