BlockBeats News, January 30th, according to a Hong Kong government news release, Hong Kong’s Secretary for Financial Services and the Treasury Christopher Hui stated at a Legislative Council policy briefing on January 30th that the Treasury, together with the Securities and Futures Commission, is working on the details of a regulatory framework for virtual asset trading and custody services. The aim is to submit a bill to the Legislative Council within this year on the regulation of four types of service providers, including those offering advice on virtual assets and virtual asset portfolio management services. In addition, Hong Kong’s “Stablecoin Bill” was officially implemented in August 2025, and the Hong Kong Monetary Authority is currently processing related license applications.
To establish an international gold trading market, Hong Kong has set a goal to expand its gold storage to over 2,000 tons within three years to develop a regional gold reserve hub. A wholly-owned government entity, the Hong Kong Bullion Central Clearing System Governing Body, has been established, with the aim of conducting a trial run of the clearing system within this year. Furthermore, the Treasury is studying the optimization of tax concession measures related to the financial center and exploring the possibility of shortening the stock settlement cycle from the current T+2 to T+1.
