PANews reported on October 20th that, according to Jinshi, the Hong Kong Securities and Futures Commission (SFC) expressed its support for market-driven regulatory compliance at a seminar hosted by the Hong Kong and Greater Bay Area Fund Administrators Association (HBAA) last week. The seminar aimed to enhance industry awareness of regulatory compliance standards in the rapidly evolving digital asset industry. Dr. Yip Chi-hang, Executive Director of the Intermediaries Department of the SFC, delivered a keynote speech at the seminar. At the seminar, the HBAA discussed various risk management and oversight measures to support the management of digital asset and tokenized funds. Notably, the discussion emphasized the importance of collaboration within the fund industry to enhance the adoption of innovative technologies in fund management while also improving technical and regulatory compliance capabilities related to digital assets. Dr. Ye stated, "The SFC is committed to promoting professional standards and fostering trust in the digital asset market. By supporting industry players in their continued commitment to complying with regulatory requirements for managing digital asset funds and tokenized funds, we hope to build a safe, reliable, sustainable, and competitive digital asset fund ecosystem, based on robust risk management and investor protection."PANews reported on October 20th that, according to Jinshi, the Hong Kong Securities and Futures Commission (SFC) expressed its support for market-driven regulatory compliance at a seminar hosted by the Hong Kong and Greater Bay Area Fund Administrators Association (HBAA) last week. The seminar aimed to enhance industry awareness of regulatory compliance standards in the rapidly evolving digital asset industry. Dr. Yip Chi-hang, Executive Director of the Intermediaries Department of the SFC, delivered a keynote speech at the seminar. At the seminar, the HBAA discussed various risk management and oversight measures to support the management of digital asset and tokenized funds. Notably, the discussion emphasized the importance of collaboration within the fund industry to enhance the adoption of innovative technologies in fund management while also improving technical and regulatory compliance capabilities related to digital assets. Dr. Ye stated, "The SFC is committed to promoting professional standards and fostering trust in the digital asset market. By supporting industry players in their continued commitment to complying with regulatory requirements for managing digital asset funds and tokenized funds, we hope to build a safe, reliable, sustainable, and competitive digital asset fund ecosystem, based on robust risk management and investor protection."