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ChinaAMC (HK) has signed a memorandum of understanding (“MoU”) with Hash Blockchain Limited (“HashKey”) and HamsaTech Hong Kong Limited (“Hamsa”) to jointly develop and promote Web 3.0 in the asset management industry in Hong Kong.
The Government and financial regulators of Hong Kong have been proactively embracing the megatrend of Web 3.0
In the 2023-2024 Budget, the Government of Hong Kong underscored the importance for the city to seize the “golden opportunity” of Web 3.0.
The Financial Services and the Treasury Bureau (FSTB) announced a series of major initiatives for fintech development in Hong Kong in the Hong Kong FinTech Week 2023, including promoting real economy related applications and innovations by the Virtual Assets (VA) and Web3.0 sector.
On the regulatory side, the Securities and Futures Commission (“SFC”) has also introduced a raft of new regulations in response to the evolving landscape of virtual assets, designed to protect investors while encouraging innovation. With regard to tokenisation, the SFC issued a circular on intermediaries engaging in tokenised securities-related activities and a circular on tokenisation of SFC-authorised investment products to shed light on the regulatory expectations from an investor protection perspective.
ChinaAMC (HK) joins hands with leading partners to propel Web 3.0 in Hong Kong
As a leading asset manager in Hong Kong, ChinaAMC (HK) has been pioneering the transformation of the traditional asset management industry. By bridging traditional finance and virtual assets, and employing innovative technologies, we are committed to paving the way for broader participation and responsible development of the virtual assets industry in Hong Kong.
HashKey Exchange, the licensed virtual asset Exchange in Hong Kong is on a mission to set the bar in compliance, safety, and security. HashKey Group offers a diverse range of institutional services, including omnibus trading services and tokenisation services including transaction structuring and execution, and tokenomics advice. HashKey Brokerage provides over-the-counter bulk trading services for professional investors, while HashKey Xpert offers secure and efficient institutional-grade virtual asset custody services. Hamsa feature extensive experience and leading blockchain technology in the virtual assets space. We believe that the synergy from this partnership will enable us to offer a broader and more innovative range of investment options for Hong Kong investors.
Investment involves risks, including possible loss of principal. The information contained herein is for informational purposes only and does not constitute an offer or invitation to anyone to invest in any funds and has not been prepared in connection with any such offer. The material has been prepared and issued by China Asset Management (Hong Kong) Limited. This material has not been reviewed by the Securities and Futures Commission.
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