Hong Kong Securities and Futures Commission: The licensing of Hong Kong virtual asset trading platforms will be announced before the end of the year.

According to the news from TechFlow, the Chief Executive Officer of the Hong Kong Securities and Futures Commission, Ashley Alder, stated on November 29th that five ESG rating and data product suppliers have expressed their intention to sign a voluntary code. The code, which was launched last month, covers four areas: good governance, systems and controls, management of conflicts of interest, and transparency.

Liang Fengyi pointed out that although the China Securities Regulatory Commission does not directly regulate ESG information providers, it hopes to enhance the fairness and transparency of data collection through regulations, so that users such as asset management companies and fund management companies can evaluate ESG products more securely.

In addition, Leung Fung-yee revealed that the issuance of Hong Kong's virtual asset trading platform will be announced before the end of the year. The regulations follow the recommendations of the International Organization of Securities Commissions (IOSCO) and help combat the global financial market's "greenwashing" phenomenon and enhance Hong Kong's financial market ESG information transparency.