Hong Kong SFC: Rules, Principles, and "Quick Failure"

<p>This episode features a fireside talk from the Finternet 2025 Asia Digital Finance Summit, themed "Hong Kong's Breakthroughs, Innovation and Safeguarding". The session was moderated by Gary Tiu (Executive Director, Head of Regulatory Affairs, OSL Group), with guest Eric Yip (Executive Director, Intermediaries Department, SFC Hong Kong). <a href="https://open.substack.com/pub/wublock/p/hong-kong-cryptoregulators-roundtable?r=3h6v97&amp;utm_campaign=post&amp;utm_medium=web&amp;showWelcomeOnShare=false">Text summary</a>.</p><p>The Finternet 2025 summit took place on 4 November in Hong Kong under the theme "Connecting Dreams × Building the Future," supported by more than ten institutions including OSL Group, Invest HK, the Financial Services Development Council and Hong Kong Cyberport.</p><p>On 3 November, the SFC issued a circular allowing licensed local Virtual Asset Trading Platforms to share order‑books with affiliated overseas platforms -- meaning Hong Kong investors will soon be a...