Hong Kong Securities and Futures Commission: Six virtual asset spot ETFs have seen a 95% increase in total market value since their launch in April last year

Odaily Planet Daily News: The Hong Kong Securities and Futures Commission has released its report for the fiscal year 2024-2025, stating that as of May, the cumulative net inflow of funds through the Hong Kong Stock Connect has exceeded 4.35 trillion yuan, and the southbound trading volume accounts for 22.5% of the Hong Kong market turnover, reflecting the continuous deepening of connectivity between mainland China and Hong Kong. The report points out that thanks to the reform measures launched last year, the listing of new stocks and the rebound of secondary market trading have once again elevated Hong Kong to the top global fundraising platform. The rapid development of virtual assets and securities tokenization in the past year has driven Hong Kong towards its goal of becoming a future financial hub. At the beginning of this year, the Hong Kong Securities and Futures Commission released the "ASPIRe" roadmap aimed at promoting the development of Hong Kong's virtual asset ecosystem, and subsequently allowed two virtual asset exchange traded funds (ETFs) to pledge. Meanwhile, six virtual asset spot ETFs listed in Hong Kong have seen a 95% increase in total market value and a 16% increase in daily trading volume since their launch in April last year. In terms of virtual asset trading platforms, the China Securities Regulatory Commission has issued licenses to a total of 11 institutions. (Golden Ten)