[HKEX Responds to Tightened Regulatory Requirements for Crypto Treasury Companies] On October 22, HKEX responded to the tightening of regulatory requirements for crypto treasury companies, stating that its framework aims to ensure the business of all listing applicants and listed companies is viable, sustainable, and substantive. It is reported that HKEX has recently questioned the plans of at least five companies to transform into crypto treasury companies, citing violations of the prohibition on holding large amounts of liquid assets.