China Times: BTC and ETH Perpetual Contracts May Become the First Pilot Projects for Virtual Asset Derivatives Trading in Hong Kong

ChainCatcher news: According to the China Times, Xu Zhengyu, Secretary for Financial Services and the Treasury of Hong Kong, previously stated in response to legislators' inquiries that the Hong Kong Securities and Futures Commission is considering introducing virtual asset derivatives trading for professional investors and will formulate robust risk management measures.

The China Times cited analysts who pointed out that, based on international experience, in the early stages of policy implementation, Hong Kong's derivatives market is expected to pilot perpetual contracts of mainstream virtual assets such as Bitcoin and Ethereum.

From international practices, several global institutions including Singapore Exchange (SGX), Coinbase, the U.S. Commodity Futures Trading Commission (CFTC), and the European MiFID II regulatory framework prioritize perpetual contracts as a key focus for virtual asset derivatives.