Hong Kong Securities and Futures Commission: Will allow licensed cross-border trading platforms to share global order books with overseas affiliates.

The 2025 Finternet Asia Digital Financial Summit, supported by the OSL Group, was held in Hong Kong on November 4th. During the summit, Dorothy Lam, Director of the Intermediaries Division of the Securities and Futures Commission (SFC) in Hong Kong and head of the FinTech Group, stated that Hong Kong has incorporated "connecting global liquidity" into its digital asset development roadmap. The goal is to connect Hong Kong investors to global markets and attract more institutional trading businesses to settle in Hong Kong. The SFC will allow licensed cross-border trading platforms to share global order books with overseas affiliates as the first step towards global connectivity. Currently, two consultations are underway to improve the ecosystem: firstly, planning to issue licenses for virtual asset custody institutions to ensure regulation at all levels of the ecosystem; secondly, exploring the inclusion of investment advisory services and specific asset classes under regulation to attract more overseas institutions to Hong Kong and inject global liquidity into the market.