Hong Kong Financial Secretary: Hong Kong has over 210 listed ETPs, pegged assets include digital assets and more
BlockBeats News, July 6th, Hong Kong Financial Secretary Paul Chan stated in an article that "Currently, ETPs listed in Hong Kong have their underlying assets anchored in a variety of assets including stocks, fixed-income products, commodities, currencies, and digital assets. The sources of these assets cover the Mainland, the United States, Europe, Japan, Korea, Southeast Asia, the Middle East, and South America."
"ETPs allow issuers greater flexibility in the selection of underlying assets, product returns, and risk structures, making it easier for them to capture investor interest and hedge risks, continuously launching new products to meet the ever-changing market trends. For example, in March of this year, Hong Kong welcomed the first batch of leveraged and inverse products in Asia, including those tracking popular U.S. stocks such as NVIDIA, Tesla, Coinbase, and MicroStrategy, with a focus on intraday leverage changes. These products not only enrich the market ecosystem but also provide more short-term trading and hedging tools."
"Currently, there are over 210 ETP products listed in Hong Kong. As of May this year, the total assets under management of these ETP products have reached nearly 510 billion yuan, an increase of about 30% from 2020, with the average daily trading volume of these products more than quintupling during the same period to approximately 40 billion yuan."
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