PANews reported on December 14 that according to Aastocks, the Hong Kong Stock Exchange stated that the Hong Kong ETP (Exchange-Traded Products, including ETFs and leveraged and inverse products) market entered its 25th anniversary in November this year, covering 195 products with a market value reaching HKD 463 billion by the end of November. The growth rate of the Hong Kong ETF market has accelerated over the past five years, with a compound annual growth rate of up to 30% in average daily trading volume, and the average daily trading volume reached HKD 18.7 billion in the first 11 months of this year.
This April, the first batch of virtual asset spot ETFs in Asia was launched, followed by the first Bitcoin inverse product in July. Currently, there are 10 virtual asset ETPs listed in Hong Kong, with a total market value reaching HKD 5.5 billion by the end of November. In terms of technology, the Hong Kong Stock Exchange recently announced plans to digitalize and automate the physical subscription and redemption mechanism of ETFs through an online platform by 2025, to enhance the overall efficiency of the ETP market and promote continued growth in its secondary market activities.
