Deputy Secretary for Financial Services and the Treasury of Hong Kong, Joseph Chan: Hong Kong and the Middle East engage in two-way exchanges, with Hong Kong's tokenized funds already accessible on Middle Eastern platforms.

Techub News reported, according to Hong Kong Commercial Daily, regarding the increasingly discussed topic of "Middle East funds flowing into Hong Kong," Hong Kong SAR Government Deputy Secretary for Financial Services and the Treasury Joseph Chan responded that there are indeed more clients inquiring about how to transfer funds to Hong Kong or open accounts in Hong Kong. He also noted that the exchange between Hong Kong and the Middle East is two-way. He revealed that a licensed virtual insurance company from Hong Kong has expanded its business to Saudi Arabia and the UAE, Hong Kong's tokenized funds have been listed on Middle Eastern wealth management platforms, and furthermore, Asian funds can purchase Islamic bond ETFs in Hong Kong, providing Middle Eastern investors with a familiar and trustworthy market.

Joseph Chan emphasized that the Hong Kong government will actively develop fintech and digital assets. It is currently formulating legislative proposals for the licensing regime for digital asset trading and custody services, with the goal of establishing a comprehensive regulatory framework to develop Hong Kong into a global digital asset innovation hub.