The Hong Kong Securities and Futures Association stated that the Hong Kong government plans to announce the 2026/2027 Budget on February 25, focusing on virtual assets and investor protection. Hong Kong has completed the initial regulatory infrastructure in the virtual asset sector, and the next focus should be on the commercial application. By improving liquidity in the RWA secondary market, accelerating product approval, introducing international liquidity, and strengthening practitioner training, Hong Kong can be upgraded from a clearly regulated market to a global virtual asset center with ample liquidity and widespread application, aligning with the national "15th Five-Year Plan" financial opening and digital economy strategy.