[Hong Kong SFC Proposes Allowing VATPs to Offer Tokenized Securities Secondary Trading to Retail Investors] According to a report by Jinse Finance, as disclosed by Hong Kong Economic Times, Loretta Lo, Deputy Director of the Intermediaries Division of the Hong Kong Securities and Futures Commission (SFC), revealed that they are considering allowing licensed Virtual Asset Trading Platforms (VATPs) to provide secondary trading of tokenized securities for retail clients. The focus is on local tokenized money market funds, with hopes of permitting their trading on licensed VATP platforms. Currently, the regulatory body is studying relevant requirements, operational risks, and control measures, and is drafting related circulars. Loretta Lo stated that, from the perspective of the Hong Kong SFC, tokenized securities are essentially the same as ordinary securities, with the addition of a technological layer, and are subject to the principle of 'same business, same risks, same rules.'