The Hong Kong Securities and Futures Fee (SFC) has launched its quarterly report, which has exhibited vital development within the HK ETF market. The report signifies a 34% year-on-year improve within the complete market worth of ETFs, with a internet capital influx of HKD 6.3 billion in the course of the quarter.
SFC Q3 Report Focuses on Hong Kong ETFs Market
The Q3 report states, “Driving the expansion of town’s exchange-traded fund (ETF) market, the improved ETF Join boosted the variety of eligible Hong Kong ETFs to 16 with a complete market cap of greater than $300 billion (Observe 1).”
Moreover, property managed by funds registered in Hong Kong rose by 29.5% year-on-year to HKD 1.67 trillion, with a internet influx of roughly HKD 34 billion recorded in the identical interval.
The variety of licensed asset administration corporations has gone up by 24% YoY, whereas the variety of open-ended fund corporations surged by 132.6%. The SFC additionally famous an increase in license functions from establishments and people, with YoY development of 56% and 23%, respectively.
The SFC is at the moment reviewing license functions from 15 digital asset buying and selling corporations, with 11 deemed to obtain licenses. A number of of those corporations are anticipated to obtain their license inside the yr by means of a speedy course of.
The market cap of Asia’s first batch of VA spot ETFs listed in Hong Kong has elevated by 70% with common each day turnover doubling since its launch in April.
Talking of ETF market, US, too has seen a formidable trajectory, US Bitcoin spot ETF has registered an influx of over $223 million, and ETH ETF noticed an influx of over $102 million, which quantities to a cumulative complete internet influx of $34.58 billion and $1.97 billion respectively.
