Crypto World News reports that Ye Zhiheng stated that Hong Kong financial regulation will focus on three major clusters over the next 12 months: regulatory implementation, product innovation, and interactive innovation. The digital asset regulatory system has been rated as "one of the highest levels," with six milestones already achieved, including virtual asset pledge and custody systems. Spar emphasizes focus, ambition, and international influence; new tokenization initiatives will allow VATP trading price funds, etc., to establish a globally predictable and regulated framework. Regulatory concepts are being steadily advanced, emphasizing trust balance and pragmatic execution.