Ahmet Bedirhan Arvas 
Victory Securities CEO and President of the Hong Kong Securities Association, Gao Juan, is advocating for an unconventional approach involving Bitcoin to revitalize struggling Hong Kong stock markets amid significant declines.
In an interview with Juan, he emphasizes the necessity for a comprehensive overhaul in traditional practices while highlighting Bitcoin as a ray of hope in this struggling market.
You might like: Vitalik Buterin Announces 2024 Plan for Ethereum!
The securities industry in Hong Kong is in a dilemma, coping with rising regulatory costs and intense competition. During this time, Juan argues that the survival of the industry hinges on Bitcoin emerging as a beacon of hope.
In the recent interview, he suggests that the Hong Kong government should adapt to global financial changes by reducing stamp duties on stocks. Gao Juan also emphasizes that the key to unlocking revenue lies in understanding evolving investor preferences and adapting to them.
Especially in an environment where traditional investments face challenges, he sees high-yield products as an opportunity. The call to reduce stock stamp duties aligns with global practices that encourage a more competitive and attractive trading environment.
Victory Securities’ Transition to Crypto
Victory Securities not only advocates for change against market challenges but actively embraces it.
The company has embarked on an initiative to allow professional investors to trade in cryptocurrencies such as Bitcoin and Ethereum on its platform.
Meanwhile, Chen Peiquan, the CEO of Victory Securities, reveals ambitious plans for the coming year, aiming to integrate stock and virtual asset platforms alongside this initiative.