Hong Kong Launches Digital Asset Listed Companies Association

Hong Kong marked a significant milestone in its digital asset industry with the establishment of the Hong Kong Digital Asset Listed Companies Association (HKVALA). The inaugural ceremony took place in West Kowloon, attended by government officials, legislative council members, and representatives from 49 founding member institutions. Among them, Nano Labs founder Kong Jianping was named honorary president, and Beijing Beifang (002987.SZ), a leading financial technology company listed on China's A-shares market, was appointed as a vice president unit.

The association's creation aligns with Hong Kong's recent "Digital Asset Development Policy Declaration 2.0" and the enactment of its "Stablecoin Ordinance." HKVALA aims to unite stakeholders such as listed companies, licensed financial institutions, and blockchain technology providers to foster industry consensus, deepen government-enterprise collaboration, and establish Hong Kong as a global hub for stablecoin regulatory innovation and institutional-grade digital financial infrastructure.

Prominent member organizations include China New Economy Investment (00080.HK), Zhonglian Development Holdings (00264.HK), Guofu Quantum (00290.HK), Yunfeng Financial (00376.HK), Boyaa Interactive (00434.HK), VSTECS Holdings (00856.HK), OSL Group (00863.HK), Walnut Capital (00905.HK), Huake Smart Investment (01140.HK), Golden Summit Investment (01328.HK), and OKG Technology (01499.HK), among others. The association will focus on advancing regulatory frameworks, promoting compliance, and scaling applications in emerging areas like stablecoins and tokenized real-world assets (RWA).

The launch comes amid Hong Kong's strategic positioning as a global RWA tokenization hub, following its regulatory advancements in digital assets. While the industry has seen rapid expansion, challenges such as market volatility and risk management persist. HKVALA seeks to address these issues by leveraging Hong Kong's unique regulatory environment and policy advantages.

Beijing Beifang also highlighted its ongoing collaboration with Guofu Quantum, including the release of an "RWA Comprehensive Solution" and partnerships with multiple domestic listed companies. The company plans to leverage HKVALA to strengthen connections between mainland China and Hong Kong in the digital asset sector, supporting cross-border innovation and ecosystem building.

Looking ahead, Beijing Beifang aims to accelerate its global expansion strategy using Hong Kong as a strategic base. The company plans to integrate emerging technologies like blockchain, Web3, and artificial intelligence into international financial markets, focusing on stablecoin-driven innovations and IT infrastructure development. This initiative aligns with broader efforts to enhance the global influence of the Chinese yuan.