Hong Kong Securities Regulatory Commission sets out new roadmap to promote Hong Kong's development into a global virtual asset hub

the Securities and Futures Commission of Hong Kong today released a new "ASPIRe" roadmap, outlining 12 key measures under five pillars to enhance the security, innovation, and growth of the virtual asset market in Hong Kong. The five pillars of the "ASPIRe" roadmap are Access, Safeguards, Products, Infrastructure, and Relationships (see attachment). These measures will facilitate global liquidity access, achieve adaptability compliance and product frameworks based on security, and promote the upgrading of infrastructure performance utilizing blockchain technology in traditional finance.