Hong Kong Legislative Council Member: More derivative products of virtual asset options and futures should be opened

Odaily News The Hong Kong government will announce a new "Budget" at the end of this month. Legislative Council member (Financial Services) Li Weihong said that he has integrated the opinions of the industry and submitted them to the Financial Secretary Paul Chan. Li Weihong proposed to promote the development of the virtual asset and futures market, speed up the approval of license upgrades, and suggested that the Futures Exchange should realize 23-hour trading as soon as possible, increase the futures varieties traded on holidays, and open more virtual asset options and futures derivatives, which will help strengthen the status of an international risk management center. In addition, he asked the Hong Kong government to speed up the construction of an international gold trading center and strive to join the Regional Comprehensive Economic Partnership (RCEP) as soon as possible, so that the industry can export gold and other precious metals from Hong Kong to RCEP members at zero tariffs. (Ming Pao)