香港證券業提倡自律以促進成長和競爭力

香港證券及期貨專業協會（HKSFPA）敦促該市的加密貨幣公司建立自律組織，以監控合規性並維護產業發展。此舉旨在平衡香港虛擬資產產業的監管和成長，與其他司法管轄區相比，香港虛擬資產產業的監管較為寬鬆。

Hong Kong's Securities Industry Advocates for Self-Regulation to Spur Growth and Competitiveness

香港證券業提倡自律以刺激成長和競爭力

Amidst the evolving global crypto landscape, the Hong Kong Securities & Futures Professionals Association (HKSFPA) has issued a compelling recommendation for the establishment of a self-regulatory framework within the city's crypto industry. This move, the association argues, is crucial to maintaining Hong Kong's position as a leading international financial center and fostering the growth of its virtual asset sector.

在不斷變化的全球加密貨幣格局中，香港證券及期貨專業協會（HKSFPA）發布了一項令人信服的建議，要求在香港加密貨幣行業內建立自律框架。該協會認為，此舉對於維持香港作為領先國際金融中心的地位並促進其虛擬資產產業的成長至關重要。

In a comprehensive letter to the Securities & Futures Commission (SFC), the regulatory body overseeing Hong Kong's securities market, the HKSFPA outlined the potential benefits of a self-regulatory approach. The association emphasized the need for a balanced approach that promotes development while safeguarding investor interests.

HKSFPA 在致香港證券市場監管機構證券及期貨事務監察委員會（SFC）的一封綜合信中概述了自我監管方法的潛在好處。該協會強調需要採取平衡的方法，在促進發展的同時維護投資者利益。

The proposal recommends the creation of autonomous self-regulating bodies (SROs) for different industry segments, including futures, asset management, and virtual assets. These SROs would assume licensing responsibilities, enabling them to monitor compliance and enforce industry standards.

該提案建議為不同的行業領域（包括期貨、資產管理和虛擬資產）創建自主的自我監管機構（SRO）。這些 SRO 將承擔許可責任，使他們能夠監控合規性並執行行業標準。

"The Hong Kong financial market industry has been overly focused on supervision," the HKSFPA stated, "but lacks an organization to guide its overall development." The association believes that self-regulation can address this gap, empowering industry stakeholders to shape their own future.

香港金融市場協會表示，「香港金融市場產業一直過於注重監管，但缺乏一個組織來指導其整體發展」。該協會認為，自我監管可以彌補這一差距，使行業利益相關者能夠塑造自己的未來。

The SFC's role would evolve under this framework, as it would retain oversight of market conduct but delegate licensing authority to the SROs. This division of responsibilities, the HKSFPA argues, would enhance efficiency and foster a more collaborative relationship between regulators and industry participants.

證監會的角色將在此框架下演變，因為它將保留對市場行為的監督，但將發牌權下放給自律組織。 HKSFPA 認為，這種職責分工將提高效率並促進監管機構和產業參與者之間更具協作性的關係。

The HKSFPA draws inspiration from a similar recommendation made in August 2022 and reiterates the importance of preventing "extreme supervision" that stifles innovation in the virtual assets industry.

HKSFPA 從 2022 年 8 月提出的類似建議中汲取靈感，重申了防止「極端監管」扼殺虛擬資產產業創新的重要性。

Hong Kong's regulators have demonstrated a more progressive stance towards virtual asset firms compared to their counterparts in other jurisdictions. The SFC has already approved spot Bitcoin and Ether exchange-traded funds (ETFs) and granted licenses to crypto exchanges such as Hashkey and OSL.

與其他司法管轄區的監管機構相比，香港監管機構對虛擬資產公司表現出更進步的立場。證監會已批准現貨比特幣和以太幣交易所交易基金（ETF），並向 Hashkey 和 OSL 等加密貨幣交易所授予執照。

In contrast, the U.S. Securities and Exchange Commission (SEC) has yet to approve a spot Ether ETF or offer specific licenses for crypto exchanges. The SEC's stance has raised concerns among industry experts about the United States falling behind in the global race to regulate digital assets.

相較之下，美國證券交易委員會 (SEC) 尚未批准現貨以太坊 ETF 或為加密貨幣交易所提供特定許可證。美國證券交易委員會的立場引起了行業專家的擔憂，他們擔心美國在全球數位資產監管競賽中落後。

The HKSFPA's proposal aligns with Hong Kong's broader commitment to maintaining its status as a leading financial hub. By embracing self-regulation, the city can foster a dynamic and innovative environment for virtual asset companies while ensuring the protection of investors.

HKSFPA 的提議符合香港維持其領先金融中心地位的更廣泛承諾。透過自我監管，該市可以為虛擬資產公司創造一個充滿活力和創新的環境，同時確保投資者的保護。

Self-regulation, however, comes with its own set of risks. The recent tightening of crypto regulations in Lithuania following reports of compliance failures highlights the potential pitfalls. However, the HKSFPA is confident that Hong Kong's robust regulatory framework and experienced industry professionals can effectively mitigate these risks.

然而，自我監管也有其自身的風險。在出現合規失敗的報導後，立陶宛最近收緊了加密貨幣監管，這突顯了潛在的陷阱。不過，香港SFPA相信香港健全的監管架構和經驗豐富的行業專業人士能夠有效降低這些風險。

The association's recommendation has garnered support from industry heavyweights such as Dr. David Chin, Chairman of the HKSFPA. Chin emphasized the need to "embrace a forward-looking regulatory approach that supports innovation while protecting investors."

該協會的建議得到了香港SFPA主席錢大衛博士等行業重量級人物的支持。 Chin 強調需要“採用前瞻性的監管方法，支持創新，同時保護投資者。”

The HKSFPA's proposal is a significant development that could shape the future of Hong Kong's crypto industry. By empowering industry participants to take ownership of their regulation, the city can create a more sustainable and competitive ecosystem that attracts global talent and capital. As the global crypto landscape continues to evolve, Hong Kong's bold embrace of self-regulation may well serve as a model for other jurisdictions seeking to harness the transformative potential of digital assets.

HKSFPA 的提議是一項重大進展，可能會塑造香港加密貨幣產業的未來。透過賦予產業參與者自主監管權，該市可以創造一個更具永續性和競爭力的生態系統，吸引全球人才和資本。隨著全球加密貨幣格局的不斷發展，香港大膽實行自我監管很可能成為其他尋求利用數位資產變革潛力的司法管轄區的典範。