Hong Kong Legislative Council members suggest opening up more virtual asset options and futures derivatives products.

According to Odaily Planet Daily, the Hong Kong government will announce a new fiscal budget at the end of this month. Legislative Council member (Financial Services sector) Lee Wai-hong stated that he has consolidated industry opinions and submitted them to the Financial Secretary, Paul Chan. Lee proposed promoting the development of virtual assets and the futures market, accelerating the approval of license upgrades, and suggested that futures exchanges implement 23-hour trading as soon as possible, increase the variety of futures products available for trading during holidays, and open more options and derivative products for virtual assets and futures, which would help strengthen Hong Kong's position as an international risk management center. Additionally, he urged the Hong Kong government to expedite the establishment of an international gold trading center and to strive to join the Regional Comprehensive Economic Partnership (RCEP) as soon as possible, allowing the industry to export gold and other precious metals from Hong Kong to RCEP members at zero tariffs.