The Hong Kong Stock Exchange has blocked transformation plans from at least five listed companies aiming to become digital asset treasury (DAT) entities. This decision stems from the lack of specific regulations governing cryptocurrency investments. Regulatory bodies, including the China Securities Regulatory Commission (CSRC), are focusing on investor protection and observing global trends, with no DAT-related applications approved so far. CSRC Chairman Huang Tianyou highlighted the importance of investor education and cautioned that market premiums on DAT companies might disappear once regulations are established.