OSL: In the past year, a large number of virtual asset companies have returned to Hong Kong from Singapore

Hu Zhenbang, CFO of OSL Group, stated that the 2023 declaration by the Special Administrative Region government regarding virtual assets has indeed increased industry confidence. For a period of time, some virtual asset-related companies had moved from Hong Kong to Singapore for development, but in the past year, a large number of these companies have returned to Hong Kong, indicating greater confidence in the future development of Hong Kong's virtual asset market. With the 27th anniversary of Hong Kong's return to China approaching, the SAR government has successively introduced a series of regulations, such as licensed platform supervision, which greatly enhances the confidence of global investors in Hong Kong's virtual asset market. Therefore, many talents and technology enterprises have returned to Hong Kong for development, and the industry generally believes that Hong Kong's advantages in developing the virtual asset market are becoming more and more apparent.

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