Hong Kong lawmakers proposed a bill and passed it, which intends to allow retail investors to participate in more diverse types and currencies of virtual asset trading.

Hong Kong Legislative Council Member (Financial Service sector) Li Weihong proposed the "Promotion of High-Quality Development and the Construction of a Financial Power" motion at the Legislative Council meeting yesterday (November 27) and it was passed. It is reported that the motion mainly focuses on six 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 proposed to allow retail investors to participate in more diverse types and currencies of virtual asset transactions, as well as to expedite the approval of licenses by the Securities and Futures Commission. He also believes that Hong Kong can study the establishment of a Hong Kong version of the ESG certification system to assist domestic enterprises in making ESG reports that comply with international standards.