[Hong Kong Securities Association and SFC Discuss Virtual Asset Regulation and Market Maker Role] The Hong Kong Securities and Futures Professionals Association announced that it has held a meeting with the Hong Kong Securities and Futures Commission (SFC), focusing on the development and regulation of the virtual asset industry and new financial products. The meeting interpreted the latest policies, discussed compliance standards, over-the-counter trading regulation, tokenized securities applications, and the development path of derivatives. It also deliberated on topics such as optimizing asset transfer processes, clarifying the role of market makers, and improving company upgrade mechanisms.