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Cryptocurrency Statement from Hong Kong Authorities

Hong Kong's Treasury Secretary and Director of the Financial Services and Treasury Bureau made a statement including cryptocurrencies.

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Paul Hui, Director of Hong Kong Financial Services and Treasury Bureau, highlighted Hong Kong's unique position at a conversation event titled “Hong Kong Opportunities” held on June 14. “Hong Kong is the only city with both global and Chinese advantages,” Hui said.

Hui said in his statement that Hong Kong, a city with both global and Chinese advantages, strategically focuses on many areas such as environmental finance, family offices and crypto assets. This strategy aims to help investors around the world understand Hong Kong's key areas of development.

Hong Kong plays an “indispensable role” as global uncertainty grows, according to Hong Kong Treasury Secretary Paul Chan. The city's strategic focus on green finance, family offices and crypto assets is part of its efforts to attract overseas investment.

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When asked how Hong Kong should attract overseas investment, Hui said: “We need to combine an effective government with an efficient market. On this basis, we need to strategically ensure that investors from around the world know which areas Hong Kong should focus on and where the opportunities are.” “We need to focus on certain areas.”

This strategic focus is expected to position Hong Kong as a leading hub for green finance, family offices and virtual assets, providing opportunities for global investors, according to officials.

*This is not investment advice.

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