The Hong Kong securities regulator aims to introduce digital asset derivatives on trade for professional investors as part of a wider strategy to extend product offers and strengthen the role of the city in the global digital asset market, local media reported.
Christopher Hui Ching-Yu, secretary of financial services and the treasury, confirmed this decision on June 4, according to a report by the newspaper in English China Daily HK.
The Hong Kong Securities and Futures Commission (SFC) said that priority will be granted to good risk management, the trades carried out “in an orderly, transparent and secure manner,” said the report.
Hong Kong’s reported thrust in cryptographic derivatives occurs while the global digital asset market has exceeded 3 billions of dollars of value, with annual negotiation volumes exceeding 70 billions of dollars, according to SFC data cited by China Daily HK.
The regulator earlier this year stated plans to diversify the virtual asset products available for investors. He has since approved the standby services and the FNB Virtual Asset Virtual Asset and the long -term products. In April 2025, Hashkey received approval to provide implementation services.
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Hong Kong to optimize the tax framework
Hui would also have said that Hong Kong would optimize its tax framework to attract international players. Digital assets will soon qualify for tax concessions under the preferential tax regime of Hong Kong for funds, unifamilial offices and interest.
The special administrative region has promoted its Fintech ecosystem in the Grand Bay region and continental China. Agencies like Invest Hong Kong and Hong Kong Key Enterprises Office offer one -looking services and help companies navigate licenses, tax incentives and regulatory requirements.
Efforts seem to bear fruit. Hui would have said that Hong Kong housed more than 1,100 Fintech companies, including eight approved digital banks, four virtual insurers and 10 regulated virtual asset trading platforms.
Since its first declaration of virtual asset policy in October 2022, the city has introduced the first ETFs going to future in Asia, Spot ETF in April 2024 and future inverse product in July 2024, expanding its cryptographic market offers.
In September 2024, two high -level financial regulators of Hong Kong announced their intention to adopt the declaration requirements set by European derivatives of Securities and Markets Authority (ESMA) for free -sales Crypto derivatives (OTC).
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Hong Kong is preparing for a second declaration of virtual asset policy
In April, Hong Kong revealed that he was preparing to publish his second policy declaration on virtual assets later this year, aiming to further integrate web technologies into traditional finance.
In addition, in May, the City Legislative Council adopted the Stable bill, paving the way to a regulated framework that could position the region as a world leader in digital assets and web development.
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