Hong Kong will permit local licensed virtual asset trading platforms to share their global order book with overseas platforms, according to Fanny Law. This decision aims to enhance the competitiveness of Hong Kong’s virtual asset market. By allowing local platforms to connect with international exchanges, the government seeks to foster greater liquidity and trading opportunities.
The move is part of a broader strategy to position Hong Kong as a leading hub for digital assets. Authorities believe that integrating local platforms with global markets will attract more investors and improve overall market efficiency. This initiative reflects the government’s commitment to supporting innovation in the financial sector while ensuring regulatory compliance.
Fanny Law emphasized the importance of collaboration between local and international trading platforms. She noted that this approach would not only benefit local businesses but also enhance the overall ecosystem for virtual assets in Hong Kong. The government plans to implement measures to ensure that these collaborations adhere to existing regulatory frameworks.
As the virtual asset landscape continues to evolve, Hong Kong’s regulatory environment aims to balance innovation with investor protection. The sharing of global order books is expected to provide local platforms with valuable insights and access to a wider range of trading options.
