Welcome to read Techub News's "Weekly Highlights of Hong Kong Web3." In this issue, we will summarize the significant events and developments in the Hong Kong Web3 sector from July 14 to July 20, along with the latest data insights and detailed event previews, helping you quickly and comprehensively understand the progress in Hong Kong's Web3 field last week.
Hot News
Hong Kong-listed company Liangliang Digital announced the issuance of 38.4 million new H shares with a par value of RMB 1.00 each. The placement price for each share is HKD 10.25. Assuming all shares are placed, the total amount raised is expected to be approximately HKD 394 million…
China Merchants International obtains virtual asset license in Hong Kong
According to Securities Times, China Merchants International Securities Co., Ltd. has officially obtained approval from the Hong Kong Securities and Futures Commission on July 14, becoming the first Chinese bank-affiliated brokerage in Hong Kong to acquire licenses for virtual asset trading services and related activities.
Greenland (Asia) Securities approved for upgrade of Hong Kong digital asset business license
According to Greenland Group, recently, Greenland (Asia) Securities, a subsidiary of Greenland Group, was approved for the upgrade of its digital asset consulting service (VA 4) and digital asset portfolio management (VA 9) licenses issued by the Hong Kong Securities and Futures Commission, marking a new breakthrough in compliance operations and the digital asset field…
According to Zhitong Finance, Jetli Trading Treasure (08017.HK)'s wholly-owned subsidiary TradeGo Markets Limited has decided to submit an application to the Hong Kong Securities and Futures Commission for an upgrade of its existing Type 1 (securities trading) regulated activity license…
According to Zhitong Finance, the Hong Kong Securities and Futures Commission issued a circular regarding the optimization measures for facilitating visiting professionals to conduct regulated activities or provide virtual asset services in Hong Kong. According to the circular, currently, mobile professionals are allowed to conduct regulated activities or provide virtual asset services in Hong Kong for no more than 30 days each calendar year, and their licenses will be subject to a condition in this regard (existing mobile professional conditions)…
Victory Securities (Holdings) Limited released a positive profit forecast for the period ending June 30, 2025. The group and Victory Securities (Hong Kong) are expected to achieve approximately HKD 47.04 million and approximately HKD 51.79 million in consolidated pre-tax profits, as well as approximately HKD 40.72 million and approximately HKD 45.48 million in consolidated net profits, respectively. The board stated that the financial performance of the group and Victory Securities (Hong Kong) has significantly improved during this period…
According to Caixin, Zhejiang businessman Qian Fenglei and several companies under his control, including Hengfeng International, are suspected of selling multiple unapproved collective investment schemes to the public in Hong Kong through stablecoin investment and financing projects combined with secondary market operations, resulting in financial losses for tens of thousands of people…
According to Hong Kong Economic Journal, as the "Stablecoin Regulation" is set to take effect on August 1, the Chairman of the Hong Kong Financial Development Council, Hong Pi, stated at the annual report release conference that stablecoins are a part of the digitalization of Hong Kong's financial market and should play a "stabilizing" role rather than being manipulated for short-term speculation…
Industry Observation
The U.S. House Financial Services Committee announced that "Crypto Week" will begin on July 14 and end on July 18. Legislators will debate and possibly vote on three major crypto bills: the "CLARITY Act," which will define regulatory oversight of the crypto market; the "GENIUS Act," which establishes a framework for stablecoins and has been approved by the Senate; and the "Anti-CBDC Surveillance National Act," which will prohibit the creation of a U.S. central bank digital currency.
What do the three major bills say? How will they affect cryptocurrency markets? What are the views of industry insiders? What are the specific schedules for "Crypto Week"?
“Comparative Review of Stablecoin Legislation: Hong Kong vs. the United States”
On June 17, 2025, the U.S. Senate passed the "Guidance and Establishment of the U.S. Stablecoin National Innovation Act" (also known as the "Genius Act"), aimed at establishing a regulatory framework for stablecoins pegged to the U.S. dollar. The bill still needs to be passed by the House and signed by the President to take effect.
As an international financial center, Hong Kong has actively explored and practiced in the stablecoin field in recent years, passing the "Stablecoin Act" in May 2025, which will take effect on August 1, 2025. Comparing the regulatory legal systems of stablecoins in Hong Kong and the United States has important practical significance and strategic value.
This article is an exclusive interview by Colin Wu with Hong Kong Legislative Council member Qiu Dageng, who elaborated on his understanding and promotion logic of the Web3 and cryptocurrency industry, and reviewed his personal journey from tech venture capital to supporting blockchain development. He emphasized the importance of blockchain technology and explained the evolution of Hong Kong from a "tolerant experiment" to formulating clear regulatory policies, believing that a robust regulatory strategy helps enhance market confidence and avoid short-term speculation harming Hong Kong's financial brand. At the same time, he discussed Hong Kong's comparative advantages with regions like Singapore and Japan, suggesting that Hong Kong should focus on the international market and build a center for financial product innovation. He pointed out that stablecoins, compliant exchanges, and on-chain financial infrastructure are key to Hong Kong's next stage of development, emphasizing that Hong Kong should maintain openness in its international positioning and leverage its complementary relationship with the mainland rather than compete. Finally, he stressed that Hong Kong's promotion of Web3 is not driven by short-term economic considerations but aims to support the sustainable development of the industry from an institutional foundation.
Data Insights
Hong Kong Bitcoin & Ethereum Spot ETF Inflows and Outflows
According to ichaingo data statistics, last week, the subscription volume for Hong Kong's Bitcoin spot ETF was 72.73 units, with a total holding value of approximately USD 505 million, an increase of approximately USD 17.54 million in holding value; the net subscription volume for the Ethereum spot ETF was 920 units, with a total holding value of approximately USD 81.17 million, an increase of approximately USD 17.15 million in holding value.
Event Information
EX.IO RWA Thematic Series Event Phase 1: RWA Selection Meeting — Seizing the Next Hot Product
The EX.IO RWA thematic series event will be held on July 22 from 16:00 to 19:00 in Hong Kong. This event is organized by EXIO Group and is specifically invited for industry personnel. During the selection meeting, there will be a free Q&A session to showcase the selling points of RWA projects, buyers' concerns, innovations in Web3, and compliance considerations.
EXIO Group is a leading global digital asset fintech group dedicated to building innovative infrastructure that connects traditional finance with the digital economy. The group implements a multi-dimensional compliance strategy, strictly adhering to local regulatory frameworks in major global financial centers to conduct business.
Development Opportunities and Challenges under Hong Kong's New Web3 Policy
The event on development opportunities and challenges under Hong Kong's new Web3 policy will be held on July 25 at HKU iCube, Tower 2, Central Trading Plaza, Hong Kong. This event is the second in the Web3 thematic series organized by the HKU Business School, titled "Development Opportunities and Challenges under Hong Kong's New Web3 Policy."
In June 2025, Hong Kong released the "Digital Asset Development Policy Declaration 2.0," constructing Asia's first complete ecosystem integrating regulation, assets, scenarios, and talent under the "LEAP" framework. Against this backdrop, the HKU Business School invites you to focus on the critical window period for the implementation of the new policy, addressing global asset regulatory changes, trillion-dollar market analysis of RWA, AI + Web3 killer applications, and exploring Hong Kong's transition from a "regulatory testing ground" to a "global on-chain asset center."
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
