Liang Fengyi announced three new measures: Hong Kong plans to allow licensed platforms to offer perpetual contract products and virtual asset collateral financing services, and to relax the regulations on affiliated market makers

According to on-site reports from Foresight News, the Chief Executive Officer of the Hong Kong Securities and Futures Commission (SFC), Ashley Alder, stated at the Consensus 2026 conference that the SFC is committed to establishing a comprehensive regulatory ecosystem for virtual assets and announced three new initiatives:

1. Guaranteed Financing: Allow brokers to provide financing services to clients with good credit backgrounds, with collateral that may include securities and virtual assets. Initially, this will only be open to Bitcoin and Ethereum, and a prudent haircut will be required 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 fees and automatic liquidation risks.

3. Associated Market Makers: Regulations will be relaxed to allow licensed platforms to provide liquidity through their affiliated market-making units, provided they can demonstrate functional independence and strict management of conflicts of interest.

Alder pointed out that tokenized assets have developed rapidly over the past year, with the asset management scale of tokenized gold reaching $400 million, doubling in the past six months. Currently, the SFC has authorized 11 tokenized money market funds. In addition, Project Ensemble is piloting the use of tokenized deposit settlement money market funds. Regarding the regulatory roadmap, the SFC has published a consultation summary on virtual asset trading and custody and plans to collaborate with the SAR government to submit relevant legislative proposals within this year.