Hong Kong Financial Services and the Treasury Bureau: This year, four regulatory framework bills for virtual asset service providers will be submitted, and the trial operation of the gold clearing system will be promoted

According to a press release from the Hong Kong government, the Financial Services and the Treasury Bureau and the Securities and Futures Commission are formulating the regulatory details for virtual asset trading and custody services. The goal is to submit a bill to the Legislative Council this year regarding the regulatory framework for four types of service providers related to virtual assets, including opinions on virtual assets and virtual asset management services. In addition, the Hong Kong "Stablecoin Ordinance" officially came into effect in August 2025, and the Monetary Authority is currently processing related license applications.

In establishing an international gold trading market, Hong Kong has set a target to expand gold storage by over 2,000 tons within three years to build a regional gold reserve hub. A government-owned central clearing system for gold has been established, with the aim of commencing trial operations within this year. Furthermore, the Financial Services and the Treasury Bureau is studying ways to optimize tax relief measures related to the financial center and exploring the possibility of shortening the stock settlement cycle from the current T+2 to T+1.