According to PANews, the Hong Kong Stock Exchange released its 2024 review. In terms of virtual assets, the ETP market is growing stronger. As of the end of November, the average daily transaction amount reached 18.7 billion yuan, an increase of about 34% over the same period in 2023.
During the year, Hong Kong's first batch of covered call option ETFs and Asia's first batch of virtual asset spot ETFs were listed on the Hong Kong Stock Exchange, enriching the product diversity of the ETP market and improving market liquidity, leading to the listing of 36 new ETFs.
HKEX plans to digitise and automate the physical subscription and redemption mechanism of ETPs to improve market efficiency and drive growth in secondary market activities.
In addition, the Hong Kong Stock Exchange has launched a virtual asset index series to provide reliable benchmark prices for virtual assets and support Hong Kong's development into a digital asset center.
