Hong Kong to permit crypto derivatives for professional investors: Report
Hong Kong reportedly plans to permit crypto derivatives for professional investors and expand its fintech ecosystem.
Hong Kong’s securities regulator aims to introduce digital asset derivatives trading for professional investors as part of a broader strategy to expand product offerings and reinforce the city’s role in the global digital asset market, local media reported.
Christopher Hui Ching-yu, secretary for Financial Services and the Treasury, confirmed the move on June 4, according to a report by the English-language newspaper China Daily HK.
The Hong Kong Securities and Futures Commission (SFC) said that priority will be given to sound risk management, with trades conducted “in an orderly, transparent and secure manner,” the report said.