Odaily News The Hong Kong Securities and Futures Commission has issued a vision to promote the vigorous development of Hong Kong's financial technology ecosystem. The current regulatory measures of the Securities and Futures Commission include risk-based on-site inspections and direct dialogue with the senior management and controllers of applicants. On this basis, the Hong Kong Securities and Futures Commission is implementing a rapid licensing approval process to handle applicants for virtual asset trading platforms that are deemed to have been licensed. In order to fulfill its commitment to promote the sustainable and responsible development of the virtual asset industry, the Hong Kong Securities and Futures Commission is working with the Hong Kong SAR government and other regulators to formulate recommendations on the regulation of providing virtual asset trading services and providing virtual asset custody services, and continue to strengthen its investor protection work through active monitoring systems and public warnings, and deepen cooperation with other institutions.