The Chamber recognizes the efforts of the Government to continue to enhance Hong Kong’s regulatory frameworks for virtual asset (VA) dealing and custodian services, which are pivotal to fostering sustainable industry growth and reinforcing the city’s status as a leading global financial hub. We call for a pragmatic approach for shaping a regulatory environment that is both agile and internally competitive – one that balances strong investor protection with the need to foster innovation. Our recommendations are centered on proposals relating to the scope of permissible services under the VA regime and regulatory oversight, as well as transitional arrangements, amongst others.