[Hong Kong Investment Funds Association: The Successful Development Of The Virtual Asset Market Depends On Appropriate Regulatory Framework And Infrastructure] March 1st, According To The Hong Kong Wen Wei Po Report, Regarding The Various Measures Proposed In The New Budget To Promote The Development Of The Hong Kong Financial Market, Nelson Yuen, CEO Of The Hong Kong Investment Funds Association, Stated That The Industry Welcomes All The Financial-Related Measures And Believes That The Suggestions Regarding The Asset Management Industry, Which Strengthen And Promote The Industry'S Development, Are Key Drivers To Ensure Hong Kong Maintains Its Leading Position Internationally.Nelson Yuen Expressed That Hong Kong'S Upcoming Second Virtual Asset Policy Statement Demonstrates Forward-Looking Vision, And He Looks Forward To Industry Participation In The Discussion Before Its Launch. The Association Believes That The Successful Development Of The Virtual Asset Market Depends On Appropriate Regulatory Frameworks And Infrastructure. Although Fund Tokenization And Virtual Assets Are Still In Their Early Stages, These Areas Are Expected To Bring Forth New Business Models, Enrich The Ecosystem, Expand The Investor Base, And Change The Way The Industry Interacts With Investors; This Has Profound Implications For The Future Development Of The Fund Industry