According to Sing Tao Daily, Hong Kong Secretary for Financial Services and the Treasury Hui Ching-yu recently accompanied Hong Kong Chief Executive Li Jiachao on his visit to the three ASEAN countries. In an interview with the media, he mentioned that since the "Policy Declaration on the Development of Virtual Assets in Hong Kong" was issued in October last year, there have been 90 mainland and overseas companies related to virtual assets expressed their intention to settle in Hong Kong. He expressed his confidence that the government will establish a comprehensive licensing system for virtual asset service providers by the middle of this year, which will help ensure the steady and orderly development of the market and protect the interests of investors.