Xiao Feng, Chairman of HashKey Group: The Hong Kong Securities Regulatory Commission may issue a STO regulatory circular by the end of this year
08/25 09:45
On August 25th, HashKey Group Chairman Xiao Feng spoke at the "Hong Kong Cryptographic Finance Summer Forum," stating that there is still a lot of room for improvement in Hong Kong's existing regulatory rules, laws, and regulations. He believes that there will continue to be improvements in the future, and there are still many regulations that have not been issued, such as STO (Security Token Offering). By the end of this year, the Hong Kong Securities and Futures Commission is expected to issue a regulatory circular on STO. Cryptographic finance (or virtual assets) should support Hong Kong's real economy and technological innovation, and STO is a crucial aspect. Promoting STO financing for technology companies can establish a relationship between cryptographic finance and the real economy, as well as Hong Kong's innovative technology. The Hong Kong Securities and Futures Commission can clarify the rules in the regulatory circular, so that the industry knows how to finance through tokenization.
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