Providers are expected to take full responsibility for their tokenized products and ensure effective record-keeping, large risk appetite, and demonstrate operational soundness, among other factors.
The intent behind the tokenization of SFC-authorized investment products is tied to rising market demand and the government’s willingness to facilitate market development.The Securities and Futures Commission of Hong Kong laid down the business requirements for offering tokenized securities and other investment products in a circular released Nov. 2.
With the conclusion of the closely watched central financial work conference, China has outlined future priorities and directions for the pursuit of the country's high-quality financial development.broadly details 12 points, emphasizing four aspects — tokenization arrangement, disclosure, intermediaries and staff competence — for eligibility in issuing tokenized securities-related activities.
“By adopting a see-through approach, the SFC is of the view that it is appropriate to allow primary dealing of tokenized SFC-authorised investment products.”
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Hong Kong's IPO market is still in a slump despite an expected reboundHong Kong’s initial public listing market remains in a slump, even as analysts expect the market to recover in the second half of the year.
Leer más »
Hong Kong's IPO market is still in a slump despite an expected reboundHong Kong's initial public listing market remains in a slump, even as analysts expect the market to recover in the second half of the year.
Leer más »
Hong Kong Now Considering Spot Crypto ETFs for Retail Investors: BloombergThe move comes a month after authorities in the City updated financial regulations to allow for retail investors to buy spot crypto ETFs.
Leer más »
Hong Kong considers allowing retail access to spot crypto ETFs: reportThe Securities and Futures Commission is assessing spot crypto ETFs as the city aims to establish itself as an Asia crypto hub.
Leer más »
Calvin Lo: A Symbol of Hong Kong’s Entrepreneurship and SovereigntyRenowned Hong Kong entrepreneur Calvin Lo sits down with LUXUO to discuss his business empire including his company R.E. Lee International
Leer más »
Why Do The Kongs Have Godzilla's Power? How GvK Mystery Sets Up Godzilla X KongGodzilla vs. Kong's reveal that Kong's species had access to Godzilla's power sets up a massive mystery for Godzilla x Kong: The New Empire to solve.
Leer más »