CandleFocus Hong Kong’s Crypto Securities Revenue Was $77M Yuan in Q1
2024-09-26
Author: Content Editor
The Hong Kong securities industry has experienced growth in the first quarter of 2024, with virtual asset trading activities generating 77 million yuan in revenue. The average daily market turnover and number of active cash and margin customers have also increased. Other findings from the joint survey conducted by the Securities and Futures Commission and the Hong Kong Monetary Authority include a transaction volume of 1.238 trillion yuan for non-exchange traded investment products in 2023. Overall, the total net profit of all securities dealers and securities margin financiers in Hong Kong has risen to HK$19 billion in Q1 2024, representing a 50% increase from the previous six months and a 29% increase from the previous year.
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