According to the China Fund News, Ashley Alder, CEO of the Hong Kong Securities and Futures Commission, gave a speech at the annual meeting of the Hong Kong Investment Funds Association, stating that "the Hong Kong Securities and Futures Commission is committed to promoting growth. We understand that investment products in the market need to be innovative in order to keep up with the times and meet the ever-changing needs of investors. We are currently focusing on three major categories: environment, social and governance, virtual assets, and RMB-denominated products."
Regarding the work related to virtual asset products, Ashley Alder stated that "the demand for these products has been increasing in recent years, and we have launched measures to encourage responsible technological innovation and support the financial technology industry. We have approved the first batch of virtual asset futures ETFs, which mainly invest in virtual asset futures traded on the Chicago Mercantile Exchange, including the world's first Ethereum futures ETF and Asia's first Bitcoin futures ETF. Two weeks ago, we issued guidelines for licensed virtual asset trading platform operators. Like virtual asset futures ETFs, we have taken multiple measures to protect the interests of investors, such as specifying the criteria for the inclusion of tokens available for retail investors to buy and sell."
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