Hong Kong officials respond to "Middle Eastern funds flowing in": mutual two-way exchanges, Hong Kong tokenized funds have already launched on Middle Eastern platforms

Deep Tide TechFlow news. On April 19, according to the Hong Kong Commercial Daily, in response to the increasingly heated topic of “Middle Eastern funds flowing into Hong Kong” in Hong Kong, Deputy Secretary for Financial Affairs and the Treasury of the Hong Kong Special Administrative Region Government, Chen Haolian, said that there indeed are more clients asking about how to route funds to Hong Kong or open accounts in Hong Kong. He also said that Hong Kong and the Middle East have a two-way exchange: he revealed that a licensed virtual insurance company in Hong Kong has expanded its business into Saudi Arabia and the UAE, Hong Kong’s tokenized funds have been launched on Middle Eastern wealth management platforms, and that Asian funds can also purchase Islamic bond ETFs in Hong Kong, providing a familiar and trustworthy market for Middle Eastern investors.

Chen Haolian emphasized that the Hong Kong government will actively develop financial technology and digital assets. It is currently working on legislative proposals regarding the licensing regime for digital asset trading and custody services, with the goal of establishing a comprehensive regulatory framework to develop Hong Kong into a global digital asset innovation center.