Wu Jiezhuang: It is recommended that Hong Kong establish a virtual asset bank to provide buying, selling and exchange services for individual customers

Wu Jiezhuang, member of the National Committee of the Chinese People's Political Consultative Conference and member of the Legislative Council of the Hong Kong Special Administrative Region, wrote an article in Ta Kung Pao titled "Inside and Outside the Parliament/Three Parties Work Together to Develop a "Virtual Asset Bank"". The article pointed out that the establishment of a "virtual asset bank" is aimed at the pain points of the industry, and further provides comprehensive virtual financial services and facilities, including providing virtual currency trading and exchange services to individual customers, and providing unified virtual asset clearing and settlement and custody services to qualified virtual asset service providers, thereby lowering the market entry threshold for small and medium-sized investors; and assisting and encouraging the industry to provide related "mid-income businesses" such as insurance, funds, and asset management, provide more innovative virtual financial products and services, and comprehensively develop an ecosystem that combines traditional and virtual finance.