PANews reported on December 21 that the Hong Kong Stock Exchange released its 2024 review. In terms of virtual assets, the exchange-traded products (ETP, including ETFs and leveraged and inverse products) market is growing. As of the end of November, the average daily transaction amount reached 18.7 billion yuan, an increase of about 34% over the same period in 2023. During the year, Hong Kong's first batch of covered call option ETFs and Asia's first batch of virtual asset spot ETFs were listed on the Hong Kong Stock Exchange, further enriching the product diversity of the ETP market and improving market liquidity, leading to the listing of 36 new ETFs. In addition, the Hong Kong Stock Exchange announced plans to digitize and automate the physical subscription and redemption mechanism of ETPs to improve the efficiency of the ETP market and promote the continued growth of its secondary market activities.
In addition, HKEX launched the HKEX Virtual Asset Index Series to provide reliable benchmark prices for this rapidly emerging asset class, supporting Hong Kong's development into a leading digital asset hub.
