[Hong Kong Securities and Futures Commission Issues New Guidelines to Expand Virtual Asset Trading Services] On February 11, the Hong Kong Securities and Futures Commission (SFC) issued new guidelines allowing licensed virtual asset brokers to expand their service scope to include margin financing. The guidelines also provide a high-level framework for virtual asset trading platforms to assist in formulating proposals for leveraged virtual asset products intended for professional investors. Virtual asset brokers can offer virtual asset financing services to securities margin clients, provided they have sufficient collateral and robust investor protection measures in place. This initiative aims to enhance market liquidity in Hong Kong under a controlled risk framework.