Hong Kong lawmakers have proposed a motion and it has been passed, allowing retail investors to participate in a wider range of virtual asset trades of different types and currencies.

Hong Kong Legislative Council Member (Financial Service sector) Li Weihong proposed the "Promotion of High-Quality Development and Construction of a Financial Powerhouse" motion at the Legislative Council meeting yesterday (November 27), which was passed. It is reported that the motion mainly focuses on six powerful key core elements, and the development of Financial Technology, green finance, inclusive finance, pension finance, and digital finance to achieve the goal of financial strength. In terms of digital finance, he suggested allowing retail investors to participate in a wider range of virtual asset trading in different types and currencies, and the Securities and Futures Commission to expedite the approval of license upgrades. He also believes that Hong Kong can study the establishment of a Hong Kong version of the ESG certification system to assist domestic companies in making ESG reports that comply with international standards.