Hong Kong’s Securities Regulator aims to introduce digital asset derivatives trading for professional investors as part of a broader approach to expand product offerings and strengthen the role of the city in the global digital asset market, local media reported.
Christopher Hui Ching-Yu, secretary for financial service and Treasury, confirmed the move on June 4, According to In a newspaper of the English language newspaper China Daily HK.
The Hong Kong Securities and Futures Commission (SFC) said the priority would be given to proper risk management, with trading conducted “in a proper, transparent and safe way,” the report said.
Hong Kong’s reported pushing to crypto derivatives came as the global digital asset market exceeded $ 3 trillion value, with annual trade volumes of over $ 70 trillion, according to SFC data cited by China Daily HK.
The regulator earlier this year has set plans to vary -varying virtual asset products available to investors. It has been from the very beginning Approved staking services and Greenlit virtual asset spots ETF and futures products. In April 2025, Hashkey received a approval to offer staking services.
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Hong Kong to be able to optimize the tax framework
Hui also reported Says That Hong Kong has been optimizing the tax framework to attract international players. Digital assets are about to qualify for tax concessions under the preference of the Hong Kong tax regime for funds, single-family offices and bring interest.
The special administrative region promotes the Fintech ecosystem throughout the Greater Bay Area and Mainland China. Agencies such as Invest Hong Kong and the Hong Kong Key Enterprises Office offer one-stop services and help companies navigate licensing, tax incentives and regulatory requirements.
Efforts appear to be fruitful. Hui reports that Hong Kong is home to more than 1,100 FinTech companies, including eight licensed digital banks, four virtual insurers and 10 regulated virtual asset trading platforms.
Since the first -Virtual Asset policy statement in October 2022, the city introduced the first in Asia Go to the future and, Spot ETFS in April 2024 and Opposite products in July 2024Expanding offerings in the crypto market.
In September 2024, two top levels of regulators in Financial Hong Kong announced their desire to adopt reporting requirements Set by the European Securities and Markets Authority (ESMA) for Crypto over-the-counter (OTC) derivatives.
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Hong Kong prepares for a second virtual asset policy statement
In April, Hong Kong revealed Preparing to release its second statement of policy on virtual assets later this year, aimed at further incorporating web3 technologies into traditional finance.
Moreover, in May, the city’s legal council Stablecoin Bill passed.
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