Chairman of the Hong Kong Securities and Futures Commission: In Q1 2026, the trading value of 12 licensed virtual asset trading platforms increased by nearly threefold year over year

Deep Tide TechFlow update — On May 31, Hong Kong Securities and Futures Commission Chair Huang Tianyou disclosed in a recent speech that the 2025 trading volume of 12 licensed virtual asset trading platforms in Hong Kong has already exceeded HKD 640 billion. This year, the trading volume in the first quarter surged by nearly three times year-on-year. In addition, for brokers engaged in virtual asset-related businesses, their related commission income last year increased by more than 80% year-on-year.

On the institutional front, Hong Kong will optimize a comprehensive regulatory framework for virtual assets, covering key areas such as custody, trading, asset management, and investment advisory services. The public consultation on the relevant licensing regime has been completed, and the legislative proposals will be finalized with the Financial Services and the Treasury Bureau of Hong Kong. The goal is to submit a draft ordinance to the Legislative Council in 2026, to put in place a regulatory regime that fully aligns with international standards and strictly implements the principle of “the same business, the same risk, the same rules.”