The Hong Kong Special Administrative Region Government is set to unveil its 2026/2027 fiscal budget on February 25, with key topics including virtual assets and investor protection. The Hong Kong Securities and Futures Professionals Association highlighted that Hong Kong has completed the initial regulatory infrastructure for virtual assets. The next phase should focus on commercial application, including accelerating RWA product approvals, introducing international liquidity, enhancing secondary market liquidity for RWAs, and strengthening professional training. These steps aim to transform Hong Kong into a global virtual asset hub with abundant liquidity and widespread application, aligning with the national "15th Five-Year" financial opening and digital economy strategy.