Data: The trading volume of 12 licensed virtual asset trading platforms in Hong Kong increased nearly threefold year-on-year in Q1, and brokerage commission income grew by over 80% last year.

Odaily reported that Huang Tianyou, Chairman of the Hong Kong Securities and Futures Commission (SFC), revealed in his latest speech that Hong Kong has orderly expanded the scope of products and services that licensed institutions can offer. This includes providing more diversified product choices for professional investors, piloting secondary market trading of tokenized products, launching virtual asset-related financing services, and establishing a regulatory framework for virtual asset leveraged products. The total trading volume of 12 licensed virtual asset trading platforms in Hong Kong in 2025 has exceeded HKD 640 billion, with the trading volume in the first quarter of this year surging nearly threefold year-on-year. Additionally, brokerage firms engaged in virtual asset-related businesses saw their related commission income grow by over 80% year-on-year last year.

At the institutional level, Hong Kong will optimize the comprehensive regulatory framework for virtual assets, covering key areas such as custody, trading, asset management, and investment advisory. The public consultation on the relevant licensing system has been completed, and legislative proposals will be finalized with the Hong Kong Financial Services and the Treasury Bureau. The goal is to submit the bill to the Legislative Council in 2026 to establish a regulatory system that is fully aligned with international standards and strictly adheres to the principle of "same business, same risks, same rules."