Hong Kong Securities and Futures Commission: Total Market Value of 6 Virtual Asset Spot ETFs Launched Has Increased by 95%

In a recent announcement, the Hong Kong Securities and Futures Commission released its financial year report for 2024 to 2025, revealing that as of May, the cumulative net capital inflow through the Stock Connect has exceeded 4.35 trillion yuan, with the Southbound trading volume accounting for 22.5% of the total market turnover in Hong Kong, reflecting the continuous deepening of connectivity between Mainland China and Hong Kong. The report highlights that due to reform measures introduced last year, new listings and secondary market trading have rebounded, propelling Hong Kong once again into a top global fundraising platform. The development of virtual assets and tokenization of securities has accelerated over the past year, driving Hong Kong towards its goal of becoming a future financial hub. The Hong Kong Securities and Futures Commission released the 'ASPIRe' roadmap earlier this year to promote the development of the virtual asset ecosystem in Hong Kong, subsequently allowing 2 virtual asset exchange-traded funds (ETFs) to be pledged. Meanwhile, since the launch of 6 virtual asset spot ETFs listed in Hong Kong in April last year, the total market value has increased by 95%, with daily average trading volume also rising by 16%. In terms of virtual asset trading platforms, the Commission has issued licenses to a total of 11 institutions.

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