A brief discussion on the approval of ETFs in Hong Kong
Hong Kong has approved Bitcoin and Ethereum ETFs, which have nothing to do with mainland residents. First of all, trading must be done on the Hong Kong Stock Exchange. Mainland residents have already blocked a large number of people from opening accounts in Hong Kong securities because it is troublesome to open an account. Second, if you open an account, the quota is only 50,000 US dollars a year. How much trouble can it cause? Then someone asked, if I go through the underground passage, how many people will spend 100,000 or 200,000 to go, or just go and speculate in A-shares, which is compliant and legal.