PANews reported on November 6 that according to official disclosure by the Hong Kong Stock Exchange, it plans to digitize and automate the physical subscription and redemption mechanism of exchange-traded products (ETPs) through an online platform in 2025, but the system still needs to be ready and obtain regulatory approval.
The Hong Kong Stock Exchange introduced that the platform will be integrated into the subscription and redemption mechanism of the ETP primary market, and will apply distributed ledger technology (DLT) and smart contracts to connect major ETP market participants to improve the overall ETP market efficiency and promote the continued growth of its secondary market activities.
This year, the Hong Kong Stock Exchange listed Asia's first Bitcoin inverse product. The inverse product was listed on the Hong Kong Stock Exchange in July, providing investors with a new tool to capture Bitcoin price changes. With the listing of the first six virtual asset spot ETFs in Asia in April, together with the first three virtual asset futures ETFs in Asia listed earlier, Hong Kong's virtual asset ETP products are becoming more and more abundant.
