Hong Kong Securities Supervision Commission Chief Executive Officer Liang Fengyi said at the Consensus Forum that virtual assets can now enter the second stage, in this pro-growth strategy, first, Hong Kong will complete the legislation of virtual asset activities, second, will expand products and services, third will optimize the operation process, including hot wallet, cold wallet regulations, and adjust custody requirements and insurance requirements, will be reviewed in terms of compliance and how to optimize, in order to truly maximize the operation process.