Leung Fung-yee announced three new measures for the regulation of virtual assets in Hong Kong, including margin financing and perpetual contracts.
PANews reported on February 11th that, according to Foresight News, the Chief Executive of the Hong Kong Securities and Futures Commission (SFC), Ms. Leung Fung-yee, stated at Consensus 2026 that the agency is committed to building a complete regulatory ecosystem for virtual assets and announced three new initiatives: 1. Margin Financing: Allowing brokers to provide financing services to clients with good credit, with collateral including securities and virtual assets. Initially, it will only be open to Bitcoin and Ethereum, and will require prudent deduction rates in accordance with traditional financial standards. 2. Perpetual Contracts: A high-level regulatory framework will be announced, allowing licensed platforms to offer perpetual contract products. This service is currently limited to "professional investors" and requires platforms to have extremely high transparency and the ability to manage volatility rates and automatic liquidation risks. 3. Affiliated Market Makers: Regulations are proposed to be relaxed to allow licensed platforms to provide liquidity through their affiliated market makers, provided they can demonstrate functional independence and strict management of conflicts of interest.
Leung Fung-yee pointed out that tokenized assets have developed rapidly over the past year, with tokenized gold assets under management reaching US$400 million, doubling in the past six months. Currently, the Securities and Futures Commission (SFC) has authorized 11 tokenized money market funds. In addition, Project Ensemble is piloting the use of tokenized deposit settlement money market funds.
You May Also Like
Finary Secures €25M Funding to Enhance Crypto Integration
Stronger Euro seen as disinflationary but manageable – Nomura
