[Hong Kong Financial Services and the Treasury Bureau, Hong Kong Securities and Futures Commission: Publish Consultation Conclusions on Regulatory Framework for Virtual Asset Advisory and Management Services] Golden Finance reports, May 26 – The Hong Kong Financial Services and the Treasury Bureau and the Hong Kong Securities and Futures Commission (SFC) have published consultation conclusions on the regulatory framework for virtual asset advisory and management services. The proposed licensing regime for virtual asset advisory and virtual asset management received broad support during the consultation period. Following the principle of 'same business, same risks, same rules,' the scope of the new licensing regime will align with the coverage of regulated activities under Type 4 (advising on securities) and Type 9 (asset management) of the Securities and Futures Ordinance. Together with the proposed licensing regimes for virtual asset trading and virtual asset custody, this series of new frameworks will enhance participation in Hong Kong's digital asset market while contributing to the development of a robust and secure ecosystem under the SFC's 'ASPIRe' roadmap. (Hong Kong SFC)