Same business, the same risks, the same rules—this sentence highlights the key point: Hong Kong does not want to be a haven for regulatory arbitrage; what it wants is a fight for international standard-setting discourse/voice power.

Wu Shuo learned that Hong Kong Securities and Futures Commission Chairman Anthony Wong Tien-You spoke at the "Digital Hong Kong Financial Summit 2026," co-hosted by the Financial Research Institute of Hong Kong University of Science and Technology and the Global Development Research Institute of Tsinghua University, stating that the 2025 transaction volume of 12 licensed virtual asset trading platforms in Hong Kong exceeded HKD 640 billion, with the first quarter's transaction volume this year increasing nearly threefold year-on-year.

Anthony Wong said that Hong Kong will optimize its comprehensive virtual asset regulatory framework at the institutional level, covering key aspects such as custody, trading, asset management, and investment advisory. The public consultation on the relevant licensing system has been completed and will be finalized with the Hong Kong Treasury Bureau to draft legislation, aiming to submit the bill to the Legislative Council in 2026 to establish a regulatory system fully aligned with international standards, strictly implementing the principle of "same business, same risk, same rules."