The Hong Kong Digital Asset Listed Companies Association (HKVALA) was officially established in Central, Hong Kong.

On August 27 (UTC 8), the Hong Kong Association of Listed Companies (HKVALA) was officially established in Central, Hong Kong. Guests included Mr. Chan Ho-lim, Deputy Secretary for Financial Services and the Treasury of the Hong Kong Special Administrative Region, and Dr. Wu Kit-chung, Chairman of the Hong Kong Legislative Council's Subcommittee on Web3 and Virtual Asset Development.

The Hong Kong Association of Listed Companies (HKVALA) held its inaugural ceremony in Central, Hong Kong. Zhang Huachen, Member of the All-China Youth Federation, Chairman of the HKVALA, and Co-CEO of Guofu Quantum Innovation Co., Ltd. (00290.HK), stated in his speech that the establishment of the association marks a significant milestone in the development of Hong Kong's digital asset industry, reflecting the combined forces of policy, market, and industry. Zhang Huachen emphasized that HKVALA will uphold compliance and promote the healthy development of the industry.

The association will also strengthen communication with regulators, facilitate member integration and business expansion, and invest heavily in professional talent development. He called on more financial and technology companies to join and contribute to Hong Kong's development as a leading international digital asset hub. The Hong Kong Digital Asset Listed Companies Association (HKVALA) was jointly initiated by numerous representative listed companies in the digital asset sector.

The association aims to build industry consensus and deepen collaboration between government and enterprises. Leveraging Hong Kong's unique regulatory framework and policy advantages, the association is committed to building a hub for innovative practices in stablecoin regulation and a strategic platform for institutional-level digital financial infrastructure.

It aims to become a global benchmark for RWA (real-world asset tokenization) compliance, promote compliance innovation and large-scale application in cutting-edge fields such as stablecoins and RWA, lead digital technology innovation, and help consolidate Hong Kong's position as an international financial center.

The establishment of the Hong Kong Digital Asset Listed Companies Association (HKVALA) is a milestone event, representing the vast potential for the development of Hong Kong's digital asset industry and a starting point for internationalization.