According to Odaily Planet Daily, the Hong Kong Securities and Futures Commission released a quarterly report showing that the total market value of Hong Kong's ETF market increased by 34% year-on-year, with net capital inflows of HK$6.3 billion during the quarter.
Hong Kong registered fund management assets increased by 29.5% year-on-year to HK$1.67 trillion, with a net inflow of approximately HK$34 billion during the quarter. The number of licensed asset management companies increased by 24% year-on-year, and the number of open-ended fund companies increased by 132.6% year-on-year.
The number of institutional and individual license applications received by the SFC increased by 56% and 23% year-on-year. The SFC is reviewing 15 virtual asset trading platform license applications, of which 11 are deemed to be licensed.
The market value of Asia's first batch of virtual asset spot ETFs has increased by more than 70% since April, and the average daily trading volume has doubled. The China Securities Regulatory Commission and the Hong Kong Monetary Authority are promoting the development of the tokenization market.
