PANews reported on December 14 that according to Aastocks, the Hong Kong Stock Exchange said that the Hong Kong ETP (Exchange Traded Products, including ETFs and Leveraged and Inverse Products) market entered its 25th anniversary in November this year, covering 195 products, with a market value of HK$463 billion at the end of November. The Hong Kong ETF market has grown in the past five years, with an average daily turnover compound annual growth rate of 30%. In the first 11 months of this year, the average daily turnover reached HK$18.7 billion.
In April this year, Asia welcomed the first batch of virtual asset spot ETFs, followed by Asia's first Bitcoin inverse product in July. There are currently 10 virtual asset ETPs listed in Hong Kong, with a total market value of HK$5.5 billion at the end of November. In terms of technology, the Hong Kong Stock Exchange recently announced plans to digitize and automate the physical subscription and redemption mechanism of ETFs through an online platform by 2025 to improve the overall ETP market efficiency and promote the continued growth of its secondary market activities.
