HKEX Tightens Rules on Crypto Treasury Companies, Shaping Corporate Strategy

The Hong Kong Exchanges and Clearing (HKEX) has enforced new rules limiting companies from solely functioning as digital asset treasuries. This move, effective October 2023, focuses on ensuring companies maintain robust business operations alongside their listed firm affiliations. This change could impact the dynamics of equity markets by discouraging crypto-focused strategies and potentially influencing overall demand for crypto assets.