The police are investigating a group suspected of being involved in international cross-border telecommunications fraud and money laundering, freezing assets worth 2.75 billion HKD, including cash, stocks, and funds owned by individuals or companies, believed to be criminal proceeds. Reports indicate that this group is the multinational criminal organization linked to Chen Zhi, known as the Prince Group.

Supported by the OSL Group, the Finternet 2025 Asia Digital Finance Summit was held in Hong Kong on November 4. At the event, Visa's APAC Digital Currency Head Nischint Sanghavi stated that Visa is integrating stablecoins into its existing payment systems, particularly for cross-border payments in e-commerce, which the company is very much looking forward to. Sanghavi also mentioned that Visa has established channels for stablecoin deposits and withdrawals, allowing customers to purchase stablecoins and other digital currencies, which can be used for consumption within Visa's global network.

At the Finternet 2025 Asia Digital Finance Summit supported by the OSL Group, Solana Foundation President Lily Liu stated that Solana is promoting the creation of an "Internet Capital Market," with plans to achieve on-chain native IPOs in the coming years. Additionally, Solana will collaborate with institutions like Western Union to deepen the application of blockchain in payments and stablecoins, emphasizing that the essence of blockchain is to serve as a technological platform for the financial system, with the future core of financial infrastructure being "liquidity, speed, and cost." Lily Liu also noted that to find long-term usable stablecoins and financial infrastructure, two key factors must be considered: performance and decentralization.

During Hong Kong FinTech Week, Zhaojin Mining signed a strategic cooperation memorandum with SigmaLayer, a subsidiary of Ant Group. The two parties will leverage blockchain, tokenization technology, and AI capabilities to collaborate in three major areas: digitalization of gold assets, intelligent supply chain risk control, and trustworthy value transmission in ESG, promoting the digital transformation and upgrading of the traditional gold industry. This cooperation aims to address traditional operational pain points in the gold industry through technological empowerment. The two sides plan to explore converting physical gold assets into on-chain digital assets and building a full lifecycle traceability system; at the same time, they will use AI and blockchain technology to optimize supply chain risk control and enhance industry chain efficiency. Additionally, they will create a blockchain-based ESG trustworthy tracking platform to promote the industry's move towards sustainable development.

At the 2025 International Financial Leaders Investment Summit, Hong Kong Monetary Authority President Yu Weiwen stated that the financial environment over the past year has been quite challenging, with continuous changes in the macro background, slowing economic growth, rising government debt, and long-term uncertainties in trade and geopolitical economics. Artificial intelligence and cryptocurrencies have brought new dimensions and challenges to traditional financial intermediary services, with the role of non-bank institutions continuing to expand, and the connection between the two becoming increasingly close. These trends are worth noting, but they also appear difficult to predict in the current uncertain outlook. "Therefore, financial leaders must closely monitor market dynamics and plan ahead. This is precisely the principle we uphold as guardians of monetary and financial stability in Hong Kong."

At the 2025 Finternet Asia Digital Finance Summit, Hong Kong Securities and Futures Commission Executive Director Yip Chi-hang stated that the SFC will launch an "Acceleration Plan" in the coming months to expedite the development of innovative products and services, acting as a bridge between regulation and the market. Yip indicated that the SFC will focus on three key tasks in the coming months, in addition to the aforementioned acceleration plan, it will also consider using the existing licensing system to expedite the approval process for virtual asset licenses. Furthermore, he mentioned that the SFC will build a risk defense line for Hong Kong's digital assets by introducing automated reporting and data monitoring tools, studying how to use technological means to manage anti-money laundering risks, custody risks, and market misconduct.

At the Hong Kong Finternet 2025 Asia Digital Asset Summit, Hong Kong SFC Executive Committee Member Eric Yip stated that more time is needed for regulatory legislation on digital assets in Hong Kong, requiring appropriate legislation in a dynamic manner and listening to the voices of this vibrant market and industry to ensure that regulatory approaches keep pace with the times. The Hong Kong SFC is not the fastest and most aggressive regulatory body; it currently pursues a prudent and consistent regulatory approach. In February of this year, the SFC released a regulatory roadmap, and the overall execution progress can be represented as 65%, hoping that by this time next year, it can be described as 100% or even 110%.

At the 2025 International Financial Leaders Investment Summit, HSBC Group CEO Noel Quinn stated that missing out on the application of disruptive technologies will be a significant risk. Quinn pointed out that blockchain technology is an important opportunity point, and HSBC has launched tokenized deposit services for Hong Kong customers and is participating in virtual currency projects.

The Hong Kong Monetary Authority announced plans to develop a "Post-Quantum Cryptography Blueprint" to prepare for the quantum era, proactively guarding against the threat that commonly used digital encryption methods by financial institutions may be cracked after the widespread adoption of quantum computers, and will work with the industry to prepare for the transition to post-quantum cryptography (PQC). Hong Kong Monetary Authority Vice President Li Dazhi pointed out that developing the "Post-Quantum Cryptography Blueprint" is not a response to immediate risks but can be seen as a project with various banks, hoping the industry pays attention to and truly values the potential threats of quantum computing, and prepares countermeasures in advance.