CandleFocus

Hong Kong ETFs Attract Net Inflow HK$6.3B: SFC Q3 Report

Author: Content Editor
The Hong Kong Securities and Futures Commission (SFC) has reported significant growth in the Hong Kong ETF market, with a 34% year-on-year increase in total market value and a net capital inflow of HKD 6.3 billion during the quarter. The growth is attributed to the enhanced ETF Connect and the number of eligible Hong Kong ETFs has reached 16 with a total market cap of over $300 billion. Additionally, assets managed by funds registered in Hong Kong rose by 29.5% year-on-year to HKD 1.67 trillion, with a net inflow of around HKD 34 billion. There has also been an increase in licensed asset management companies and open-ended fund firms, as well as a rise in license applications from institutions and individuals. The SFC is reviewing license applications from 15 virtual asset trading firms, with 11 expected to receive licenses soon. In the US, Bitcoin and ETH ETFs have seen significant inflows, with a cumulative total net inflow of $34.58 billion and $1.97 billion respectively.

Related News