Li Weihong was elected chairman of the Hong Kong Financial Affairs Committee and had previously called for the opening up of more virtual asset derivatives.

The Hong Kong Legislative Council's Finance Committee announced that Mr. Li Weihong has been elected as its chairman. Mr. Li had previously called for promoting the development of the virtual asset and futures markets, accelerating the approval process for license upgrades, and suggesting that the Hong Kong Futures Exchange implement 23-hour trading as soon as possible, increase the number of futures products available for holiday trading, and open up more virtual asset options and futures derivatives. Furthermore, Mr. Li urged the Hong Kong government to expedite the construction of an international gold trading center and strive for early accession to the Regional Comprehensive Economic Partnership (RCEP), enabling the industry to export gold and other precious metals from Hong Kong to RCEP members with zero tariffs.