BTC and ETH Perpetual Contracts May Become the First Pilot for Virtual Asset Derivatives Trading in Hong Kong

Hong Kong's Secretary for Financial Services and the Treasury, Christopher Hui, previously stated in response to a legislator's question that the Hong Kong Securities and Futures Commission is considering introducing virtual asset derivatives trading for professional investors and will establish robust risk management measures. According to analysts cited by the China Times, based on international experience, it is expected that in the initial stages of policy implementation, Hong Kong's derivatives market will pilot perpetual contracts of mainstream virtual assets such as Bitcoin and Ethereum. From international practice, several international institutions, including the Singapore Exchange (SGX), leading compliant exchanges in the United States, the U.S. Commodity Futures Trading Commission (CFTC), and the European MiFiDII regulatory framework, have prioritized perpetual contracts as a key direction for virtual asset derivatives. (China Times)