Odaily News According to reports, the Hong Kong SAR government hopes to expand the virtual asset industry and build a good ecosystem in Hong Kong. However, there have been complaints about difficulties faced by technology companies when opening bank accounts. HSBC Hong Kong CEO Diana Cesar responded that there may be misunderstandings in communication between operators and banks, but the Hong Kong Monetary Authority and the Securities and Futures Commission have established clear frameworks. Once specific conditions are met, licenses can be obtained. With HSBC's Know Your Customer (KYC) and Anti-Money Laundering (AML) checks, it is possible to open accounts at the bank. As for the complaints in the market, they should be addressed to the operators to see if they comply with regulatory frameworks. (Hong Kong Economic Journal)