PANews reported on February 27 that according to Hong Kong media Ming Pao, Hong Kong Financial Secretary Paul Chan said at the announcement of the "Budget" that he would soon issue a second virtual asset policy declaration. Sources said that the declaration is expected to be announced in the second quarter. The new policy declaration will increase the proportion of market development and better balance development and regulation. In addition, the scope of the policy document will be broader, not only involving individual departments such as the Securities and Futures Commission or the Hong Kong Monetary Authority, and there is no intention for a single institution to regulate virtual assets.