Techub News report, the Hong Kong Stock Exchange plans to digitalize and automate the physical subscription and redemption mechanism for Exchange-Traded Products (ETPs) through an online platform by 2025, but it still needs to wait for the system to be ready and obtain regulatory approval.

The Hong Kong Stock Exchange introduced that this platform will be integrated into the subscription and redemption mechanism of the ETP primary market and will apply distributed ledger technology (DLT) and smart contracts to connect major ETP market participants to enhance the overall efficiency of the ETP market and promote the continuous growth of its secondary market activities. As of the end of October 2024, there are 194 ETPs listed on the Hong Kong Stock Exchange.