SFC Chairman: Hong Kong Retail Investors Will only Have Access to ‘Highly Liquid’ Virtual Assets

SFC Chairman Julia Leung said that Hong Kong retail investors will only have access to "highly liquid" virtual assets.

The SFC will issue a consultation paper in the current quarter detailing the products and conditions for retail investors to trade in virtual assets, along with licensing requirements for virtual assets trading platforms, Julia Leung said at the Asia Financial Forum on Wednesday.

"Some virtual assets platforms have over 2,000 products, but we do not plan to allow retail investors to trade in all of them. We will set the criteria that would allow retail investors to only trade in major virtual assets." Julia Leung said.