The Hong Kong Stock Exchange releases its 2024 review: listing the first batch of virtual asset spot ETFs in Asia and launching a series of virtual asset indices

The Hong Kong Stock Exchange released its 2024 review, stating that in terms of virtual assets, the market for exchange traded products (ETPs, including ETFs and leveraged and reverse products) is growing rapidly. As of the end of November, the average daily transaction amount reached 18.7 billion yuan, an increase of about 34% compared to the same period in 2023. During the year, the first batch of covered call option ETFs in Hong Kong and the first batch of virtual asset spot ETFs in Asia were listed on the Hong Kong Stock Exchange, further enriching the diversity of ETP market products and enhancing market liquidity, driving 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 for ETP, in order to improve the efficiency of the ETP market and promote sustained growth in secondary market activities. In addition, the Hong Kong Stock Exchange has launched the Hong Kong Stock Exchange Virtual Asset Index series, providing reliable benchmark prices for virtual assets, a rapidly emerging asset class, and supporting Hong Kong's development into a leading digital asset center.