Hong Kong Chief Executive Carrie Lam attended a meeting with the media before the meeting today and expressed concern about the case. The Securities and Futures Commission and the police will explain the incident this afternoon. When asked whether the current relevant regulations are insufficient, Carrie Lam responded that the government needs an effective regulatory system to protect investors. She believes that this incident shows that citizens must invest in regulated and licensed platforms and emphasizes that the current licensing system can ensure that platforms provide sufficient protection for investors, including distinguishing between funds held by platforms for investors and operating funds of the company, and ensuring that the company's debt capacity is regulated and restricted.
Carrie Lam said that the case reflects the importance of regulation and the importance of understanding the risks of virtual assets. She reiterated the government's clear policy on the development of virtual assets, including ensuring effective regulatory systems to protect investors; information dissemination must be open and transparent; and attaching importance to and promoting investor education to ensure that the public fully understands the risks and operations.
Carrie Lam pointed out that the Securities and Futures Commission will monitor market changes and developments to ensure that the interests of investors are fully protected, and will also vigorously promote investor education, especially the need to invest in regulated and licensed trading platforms. She reminded citizens that if they are interested in investing in virtual assets, they must not only understand their operations and risks, but also invest in regulated and licensed platforms.