Hong Kong Securities and Futures Commission: The total market value of 6 virtual asset spot ETFs has increased by 95% since their launch in April last year

Mars Finance News: The Hong Kong Securities and Futures Commission's 2024-2025 fiscal year report indicates that the cumulative net capital inflow through Stock Connect reached 4.35 trillion yuan by May, with southbound trading accounting for 22.5% of Hong Kong market turnover, reflecting the continued deepening of interconnection between mainland China and Hong Kong. The report noted that benefiting from last year's reform measures, new stock listings and secondary market trading have rebounded, allowing Hong Kong to once again rank among the world's top fundraising platforms. Virtual assets and securities tokenization have accelerated development over the past year, driving Hong Kong towards its goal of becoming a future financial hub. The Hong Kong Securities and Futures Commission launched the "ASPIRe" roadmap earlier this year to promote the development of Hong Kong's virtual asset ecosystem, subsequently allowing two virtual asset exchange-traded funds (ETFs) to be pledged. Meanwhile, six virtual asset spot ETFs listed in Hong Kong have seen a 95% increase in total market value and a 16% increase in average daily trading volume since their launch in April last year. In terms of virtual asset trading platforms, the Securities and Futures Commission has issued licenses to a total of 11 institutions. (Jinshi)