[Hong Kong SFC Launches Tender for Virtual Asset Trading Monitoring System] The Securities and Futures Commission of Hong Kong (SFC) has officially launched the tender process for a virtual asset trading monitoring system to enhance regulatory capabilities and strengthen the detection of anomalies in virtual asset trading. The tender deadline is November 7, 2025 (UTC+8), and the winning institution is expected to be determined in the first half of 2026. This initiative aims to further optimize the regulatory framework of Hong Kong's virtual asset market, ensuring transparency and security in trading activities.