Li Weihong was elected chairman of the Hong Kong Financial Services Development Council and has called for the opening up of more virtual asset derivatives

The Hong Kong Legislative Council's Finance Committee announced that Member Li Weihong has been elected as the Chairman of the Finance Committee of the Hong Kong Legislative Council.

Li Weihong had previously called for the promotion of the development of virtual assets and futures markets, expedited approval for license upgrades, suggested that the futures exchange achieve 23-hour trading as soon as possible, increase the variety of futures traded during holidays, and open more derivatives for virtual asset options and futures. In addition, Li Weihong also urged the Hong Kong government to accelerate the establishment of an international gold trading center and 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.