Chan Chi-wah, president of the Hong Kong Securities and Futures Professionals Association, has criticized the proposed registration limits for brokerage accounts. He argues that applying virtual asset regulatory models, such as pre-approval of wallet addresses, to traditional securities is inappropriate. Chan suggests that existing mechanisms like same-name account verification already ensure fund flow transparency in securities, making blanket account restrictions unnecessary. He advocates for a regulatory focus on identifying beneficial ownership and abnormal transactions, rather than pre-restricting accounts, and recommends a risk-based approach utilizing big data and AI for anti-money laundering efforts.