[Hong Kong Securities and Futures Commission to Promote Trading of Tokenized Funds on Platforms] Cai Fengyi, Executive Director of the Investment Products Division of the Hong Kong Securities and Futures Commission (SFC), stated that the SFC will introduce several optimization measures, including promoting the trading of tokenized funds on virtual asset trading platforms and planning to add payment and settlement functions to the Hong Kong Stock Exchange's fund platform. Currently, the secondary market trading of tokenized funds still requires improvements to relevant systems and risk prevention measures. The SFC is negotiating appropriate solutions with fund companies and trading platforms. Recently, it was clarified that tokenized funds in secondary market transactions will be exempt from stamp duty, which is expected to accelerate the development of the secondary market.