[President of the Hong Kong Securities and Futures Professionals Association: Virtual Asset Regulatory Approaches Should Not Be Applied to Traditional Securities Industry] Deep Tide TechFlow reports, on March 21, according to Hong Kong media Orange News, Chen Zhihua, President of the Hong Kong Securities and Futures Professionals Association, commented on the controversy surrounding brokers requiring clients to 'pre-register designated bank accounts.' He stated that while the regulatory circular proposes establishing a bank account registration mechanism with limits, this approach may stem from inappropriately applying virtual asset regulatory concepts (such as pre-approval of wallet addresses) to the traditional securities industry. Chen Zhihua pointed out that virtual assets require pre-approval due to the technical rationale of blockchain addresses being difficult to verify for ownership in real-time. However, in traditional securities, fund transfers can already be confirmed through mechanisms like 'same-name account verification,' making it unnecessary to impose blanket restrictions on the number of accounts. Comparing with the EU's anti-money laundering framework, he suggested that regulatory focus should be on penetrating beneficial ownership and identifying abnormal transactions, rather than preemptively restricting accounts. He further recommended that regulators adhere to a 'risk-based' principle, focusing on abnormal fund flows (such as 'layered transactions'), clarifying compliance standards for same-name accounts, and promoting the application of big data and AI in anti-money laundering monitoring.