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Briefly
- Hong Kong -ov SFC plans to introduce virtual derivatives of assets that trade professional investors to increase competitiveness in the global digital property market.
- Virtual assets will qualify for tax concessions to attract a large international company Fintech company to establish a business in Hong Kong.
- This move follows the recent approval for the investment of services and ETF virtual assets, with the SFC estimated $ 70 trillion of annual global virtual property trading volume.
Hong Kong could soon offer virtual derivatives of trading assets for professional investors.
These news, reported China dailyComes that a security for securities in Hong Kong announces plans to introduce an option as part of its plan to expand the product offer, ensuring that the risk is kept under control.
Safety is an important part of this focus, because the Securities Commission and Futures, or SFC, points out that it will ensure that the stores are done “in a neat, transparent and safe way”.
According to the Hong Kong treasury head, Christopher Hui Ching-Yu, this plan aims to improve competitiveness in the global digital property market.
This follows plans divided earlier in the year in which the regulator outlined the move to expand the range of products and services of virtual assets on offer for various investors.
SFC has allowed investment services For virtual assets in an effort to attract investors so that they can earn additional yields.
Hui also pointed out that virtual assets would be recognized as qualified transactions for tax concessions, as part of an attempt to attract several major international Fintech companies that were founded in Hong Kong.
Newly discovered options will allow effective risk transfer and increase liquidity in the basic market markets, at the same time supporting professional investors with protection and exploitation strategies.
Hui said that the treasury plans to present new instructions for politics in a statement exploring ways to use the benefits of traditional financial services, as well as innovative technology, which could help the virtual property market with the improvement of the safety and flexibility of the real economy activity. This aims to encourage both local and international business.
In April, the SFC approved two licensed platforms for trading virtual assets to offer investment services. There were two virtual means changing on the video, or ETF, with audits of documentation for including investment activities.
“These products have expanded product diversity on the market in Hong Kong, which is an additional improvement of Hong Kong as the leading Asian market of the ETF,” Hui said.
SFC estimates that the global market of the virtual property has shown the amount of trading greater than $ 70 trillion a year.
Edited Stacy Elliott.
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