Data: The Q1 trading volume of 12 licensed virtual asset trading platforms in Hong Kong nearly tripled year-on-year, while brokerage commission income surged over 80% last year

Odaily Planet Daily News: In a recent speech, Hong Kong Securities and Futures Commission (SFC) Chairman Huang Tianyou disclosed that Hong Kong has orderly expanded the scope of products and services that licensed institutions can offer. This includes providing professional investors with a more diverse range of product options, piloting secondary market trading of tokenized products, launching virtual asset-related financing services, and establishing a regulatory framework for virtual asset leveraged products. In 2025, the trading volume of Hong Kong's 12 licensed virtual asset trading platforms exceeded HK$640 billion, with the first quarter's trading volume this year surging nearly threefold year-on-year. Additionally, brokers engaged in virtual asset-related businesses saw their related commission income grow by over 80% year-on-year last year.

On the institutional front, 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 regime has been completed, and legislative proposals will be finalized with the Hong Kong Financial Services and the Treasury Bureau. The target is to submit a bill to the Legislative Council in 2026, aiming to establish a regulatory system fully aligned with international standards and strictly adhering to the principle of "same business, same risks, same rules."