According to BlockBeats news, on November 11, Hong Kong Securities Regulatory Commission Chief Executive Liang Fengyi said that despite the recent strong performance of Bitcoin, the Securities and Futures Commission is more concerned about the blockchain technology behind virtual assets and the financial technologies and services it generates.
The China Securities Regulatory Commission will accelerate the development of a blockchain-based financial technology ecosystem, including tokenized bonds and investment products, to improve the efficiency of traditional financial settlements. Liang Fengyi pointed out that central bank digital currency and stable currency can effectively reduce the cost of cross-border remittances, and suggested that more opportunities be given during the technology development stage.
In addition, the Hong Kong Securities and Futures Commission plans to establish a regular meeting mechanism with Middle Eastern regulators twice a year. The first meeting will be held in Hong Kong next year. (Golden Ten)
