Hong Kong Financial Secretary: Expand the eligible investment categories of funds and family control tools to include digital assets outside of Hong Kong.

Odaily Planet Daily News: The Secretary for Financial Services and the Treasury in Hong Kong announced at the Legislative Council Financial Services Committee meeting that they have drafted a series of optimization measures in collaboration with the Hong Kong Monetary Authority, the Securities and Futures Commission, and the Inland Revenue Department. These measures include expanding the eligible investment types for funds and family investment control tools to cover digital assets, real estate, insurance-linked securities, equity interests in entities that are not legal entities, loans (including private debt investments), precious metals, and certain commodities outside Hong Kong. These policies complement government initiatives in related areas such as promoting carbon trading, digital assets, and trading in precious metals and commodities. (Hong Kong Government Gazette)

View Original
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

Related Articles

T. Rowe Price Files to Include Dogecoin in Cryptocurrency ETF, Holdings Range of 5-15 Digital Assets

Gate News reported that on March 19, T. Rowe Price, an American asset management company with assets under management of $18 billion, filed an application with regulators to include Dogecoin (DOGE) in its actively managed cryptocurrency ETF. The ETF will hold 5 to 15 digital assets. Meanwhile, market data shows that some investors are paying attention to investment opportunities in the Taurox (TAUX) project.

GateNews20m ago

JPMorgan Chase: Hyperliquid Attracts Non-Crypto Traders by Supporting 24/7 Crude Oil Trading

JPMorgan report indicates that decentralized exchange Hyperliquid is attracting an increasing number of non-crypto traders, particularly when Middle East tensions escalated, crude oil trading volume surged significantly, becoming the third-largest trading product, reflecting rising market demand for 24/7 trading of traditional assets. Hyperliquid employs an on-chain order book model, providing a more precise trading experience.

GateNews39m ago

Raymond James Raises Nvidia Price Target to $323, 80% Upside from Current Levels

American investment bank Raymond James raised its price target for Nvidia stock to $323, believing the company will achieve $12 billion in sales, demonstrating strong demand and growth prospects. Nvidia's revenue for this quarter is expected to grow 78%, with a forward price-to-earnings ratio lower than the S&P 500 index.

GateNews1h ago

US Stock Market Closes Lower on Tuesday, Major Indices Under Pressure

Gate News reported that on March 19, Tuesday, major U.S. stock indices closed lower as investors continued to monitor economic signals. Specific decline figures and performance data for each index have not yet been disclosed.

GateNews1h ago

US Spot Cryptocurrency ETF Single-Day Net Outflow of $219.5 Million, Bitcoin ETF Outflow of $163.5 Million

Gate News: On March 19, according to SoSoValue data, US spot cryptocurrency ETFs experienced a net outflow of approximately $219.5 million that day, with Bitcoin ETFs seeing a net outflow of $163.5 million, with a Bitcoin ETF under a certain asset management institution leading the decline. (Note: The original text did not fully disclose specific outflow data for Ethereum ETFs and other products.)

GateNews1h ago

Gold Falls Below $4,600 as U.S. Treasury Yields Rise and Fed Rate Cut Expectations Delayed

Gold prices dropped below $4,600 due to rising U.S. Treasury yields and postponed Federal Reserve rate cuts, leading to decreased demand for gold as a non-yielding asset amidst market concerns.

GateNews2h ago
Comment
0/400
No comments