[Ng Kit-Chong: Hong Kong to Introduce Cryptocurrency Custody and OTC Regulations This Year] According to a report by Jinse Finance, Hong Kong Legislative Council member Ng Kit-Chong stated in an interview that Hong Kong is positioning itself as a global hub connecting the cryptocurrency market. Ng Kit-Chong emphasized that Hong Kong should not compete with other jurisdictions but rather serve as a bridge. He pointed out: 'Cryptocurrency and Web3 are highly interconnected with the traditional financial system.' Leveraging the Greater Bay Area initiative, Hong Kong can connect the scale, manufacturing depth, and technical talent of mainland cities while providing regulatory clarity and financial credibility. Ng Kit-Chong also mentioned that Hong Kong will introduce custody and over-the-counter (OTC) trading regulations this year and may allow professional investors to engage in higher-volume transactions. Ng Kit-Chong further stated that the field of artificial intelligence will also integrate with cryptocurrency, and Hong Kong holds a unique position in this regard. It can handle both Western and Chinese datasets, becoming a platform for global AI companies to collaborate. He believes Hong Kong's advantage lies in maintaining openness, regulation, and connectivity, positioning itself at the center of this still-developing system.