Cryptocurrency Statement from Hong Kong Authorities

Cryptocurrency Statement from Hong Kong Authorities

During a conversation event titled “Hong Kong Opportunities,” Paul Hui, Director of Hong Kong Financial Services and Treasury Bureau, emphasized Hong Kong’s unique position on June 14. Hui stated, “Hong Kong is the only city with both global and Chinese advantages.”

Hui further elaborated that Hong Kong strategically focuses on various areas such as environmental finance, family offices, and crypto assets, leveraging its dual global and Chinese advantages. The objective of this strategy is to provide global investors with a deeper understanding of Hong Kong’s key areas of development.

Amidst growing global uncertainty, Hong Kong Treasury Secretary Paul Chan highlighted that Hong Kong plays an “indispensable role.” The city’s emphasis on green finance, family offices, and crypto assets is part of its endeavor to attract investments from abroad.

When asked about how Hong Kong can attract overseas investment, Hui emphasized the importance of combining an effective government with an efficient market. He remarked, “On this basis, we need to strategically ensure that investors from around the world know which areas Hong Kong should focus on and where the opportunities are.” Hui further stressed the need to concentrate on specific areas.

Officials anticipate that this strategic focus will position Hong Kong as a leading hub for green finance, family offices, and virtual assets, offering lucrative opportunities for global investors.

Please note that this statement does not constitute investment advice.