The Hong Kong Securities and Futures Commission (SFC) has reported a 34% year-on-year increase in the total market value of ETFs, with a net capital inflow of HKD 6.3 billion during Q3. The growth in the Hong Kong ETF market was driven by the enhanced ETF Connect, which boosted the number of eligible Hong Kong ETFs to 16 with a total market cap of over $300 billion.
Assets managed by funds registered in Hong Kong also rose by 29.5% year-on-year to HKD 1.67 trillion. The number of licensed asset management companies increased by 24% YoY, and the number of open-ended fund firms surged by 132.6%. The SFC noted a rise in license applications from institutions and individuals, with YoY growth of 56% and 23%, respectively.
The market cap of Asia’s first batch of VA spot ETFs listed in Hong Kong has increased by 70% with average daily turnover doubling since its release in April.
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