To support the development of a sustainable business model for licensed virtual asset trading platforms, the Hong Kong Securities Supervision Commission is establishing a formal advisory group for all licensed virtual asset trading platforms, composed of representatives from each licensee, to ensure that the Securities Supervision Commission takes their views into account in formulating policy. The Hong Kong Securities Supervision Commission expects the advisory group to be launched in early 2025. The Hong Kong Securities Supervision Commission will issue a white paper on regulatory priorities for the virtual asset industry in the future, which will be based on future discussions by the group and feedback from other stakeholders.