PANews December 21 news, the Hong Kong Stock Exchange released its 2024 review, in terms of virtual assets, the market for Exchange-Traded Products (ETP, including ETFs and leveraged and inverse products) is growing rapidly. As of the end of November, the average daily trading amount reached 18.7 billion Hong Kong dollars, an increase of about 34% compared to the same period in 2023. During the year, the first batch of covered call options ETFs and the first spot ETFs for virtual assets in Asia were listed on the Hong Kong Stock Exchange, further enriching the diversity of ETP market products and enhancing market liquidity, leading to the listing of 36 new ETFs. In addition, the Hong Kong Stock Exchange announced plans to digitize and automate the physical subscription and redemption mechanism for ETPs to improve market efficiency and promote sustained growth in its secondary market activities.
Additionally, the Hong Kong Stock Exchange launched a series of virtual asset indices to provide reliable benchmark prices for this rapidly rising asset class, supporting Hong Kong's development as a leading digital asset center.
