Li Wei Hong elected as Chairman of the Hong Kong Financial Services Committee, previously called for opening up more virtual asset derivatives products

Odaily Planet Daily News: The Hong Kong Legislative Council’s Finance Committee announced that Legislator Li Weihong has been elected as the Chairman of the Finance Committee of the Hong Kong Legislative Council. Li Weihong previously called for promoting the development of virtual assets and futures markets, accelerating license approval upgrades, and suggested that the Futures Exchange should quickly achieve 23-hour trading, increase holiday trading of futures products, and open more derivatives products for virtual asset options and futures. Additionally, Li Weihong also urged the Hong Kong government to accelerate the construction of an international gold trading center and strive to join the Regional Comprehensive Economic Partnership (RCEP) as soon as possible, enabling the industry to export gold and other precious metals from Hong Kong to RCEP members with zero tariffs.