the Hong Kong Securities and Futures Commission announced the reappointment of Chief Executive Officer Ashley Alder for a two-year term, effective from January 1, 2026. It is reported that Ashley Alder has been serving as the CEO of the Hong Kong Securities and Futures Commission since January 1, 2023. During her tenure, she introduced a licensing regime for virtual asset trading platforms and released a virtual asset roadmap, which is relatively friendly to the digital asset industry, stating that the future of digital assets is vibrant and promising. She also mentioned adopting a regulatory approach based on the same business, the same risks, and the same rules to bring crypto over-the-counter trading and custody institutions under supervision.