PANews reported on February 26 that Xiao Feng, chairman of Wanxiang Blockchain and HashKey Group, said when talking about Hong Kong’s upcoming second virtual asset policy declaration that his biggest hope is not to implement higher and stricter industry rules than the United States.

He pointed out that the industry does not expect the rules to be looser than those in the United States, but only hopes to be on par with the United States. He cited the example of Alibaba choosing to go public in the United States because Hong Kong rules were stricter than those of the New York Stock Exchange, and called for a similar situation not to be repeated in the virtual asset market.

Earlier news said that Hong Kong will issue its second virtual asset policy declaration .