Zhang Huachen, Chairman of Hong Kong Digital Asset Listed Companies Association: Traditional Financial Companies Will Serve as Key Intermediaries in Future Crypto-Stock Linkage Development

Stock News
Aug 27

On August 27, at the establishment ceremony of the Hong Kong Digital Asset Listed Companies Association, Zhang Huachen, National Committee Member of the All-China Youth Federation, Chairman of the Hong Kong Digital Asset Listed Companies Association, and Co-CEO of GuoFu Quantum Innovation Limited (00290), stated that the establishment of the Hong Kong Digital Asset Listed Companies Association marks a milestone in the development of Hong Kong's digital asset sector and holds extraordinary significance.

Zhang noted that the Hong Kong SAR government maintains an open attitude toward the development of the digital asset sector, and currently, discussions about the possibility of crypto-stock linkage are taking place throughout Hong Kong's streets and neighborhoods.

Zhang Huachen pointed out that according to rough estimates, if calculated solely based on the market value of digital assets held by Hong Kong-listed companies and funds for investment applications for compliance licenses and related operations, the amount does not exceed $2 billion USD. However, the current market value of digital assets held by listed companies within the Hong Kong Digital Asset Listed Companies Association exceeds $200 billion USD, and this scale will continue to grow in the future.

Furthermore, it is worth noting that traditional financial companies can serve as intermediaries for bridging crypto-stock linkage and will play a crucial role in future exploration of digital sector development.

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