A grand layout of financial power!

The Financial Secretary of Hong Kong published an essay titled "A New Era for Asia", highlighting the resilience of the Asian economy and the great opportunities that lie ahead for Hong Kong!

The Financial Secretary of the Hong Kong Special Administrative Region Government, Paul Chan, published a blog on the 29th, stating that in the face of geopolitical shocks, the economy of the entire Asian region has shown strong resilience. In this new era of Asia, Hong Kong has great potential to continuously make new contributions to the prosperity and development of the region and itself.

The latest data disclosed by the Hong Kong Securities and Futures Commission shows that as of June 24, a total of 40 financial institutions have successfully upgraded their existing Type 1 securities trading licenses, enabling them to provide virtual asset trading services through integrated account arrangements. This list includes 38 brokerage firms, 1 bank, and 1 internet company, marking the growing participation of traditional financial players in Hong Kong's regulatory framework as an "international virtual asset center."

Guotai Junan International officially obtained approval from the Hong Kong Securities and Futures Commission on June 24 to upgrade its existing securities license to a comprehensive license that allows it to provide virtual asset trading and related advisory services, becoming the first Hong Kong-based Chinese brokerage firm qualified to offer comprehensive virtual asset trading services.

Chan Mau-bo believes that as trade and non-trade barriers increase internationally, economic and trade cooperation in the Asia region will undoubtedly enhance and deepen in the future. He stated that Hong Kong is a free port and an important window connecting the mainland and the world. In this era of sustained rapid growth in Asia, Hong Kong will find new opportunities, new momentum, and new pathways. For example, in the financial sector, Hong Kong's comprehensive financial services will play a more important and diversified role in this process.

Chan Mao-bo said that the current global political and economic landscape is being reshaped, and emerging economies still face many challenges. Hong Kong's advantages in resources, knowledge, experience, and networks in investment and technology innovation can also help emerging economies in Asia accelerate their development towards greater prosperity and inclusiveness through technology and innovation.

He stated that deeper integration and development within the Asia-Pacific region is one of the most important and irreversible economic development trends globally in the new era of Asia.