Hong Kong Financial Secretary: Hong Kong has over 210 listed ETPs, pegged assets include digital assets and more

On July 6th, Hong Kong's Financial Secretary Paul Chan stated in an article that "At present, ETPs listed in Hong Kong have their underlying assets linked to a variety of assets such as stocks, fixed-income products, commodities, currencies, and digital assets. The sources of these assets cover the Mainland, the United States, Europe, Japan, South Korea, Southeast Asia, the Middle East, and South America." "ETPs enable issuers to have greater flexibility in selecting underlying assets, product returns, and risk structures, making it easier for them to attract investor interest and hedge risks. They continuously launch new products to meet the constantly changing market trends. For instance, in March of this year, Hong Kong welcomed the first batch of leveraged and inverse products in Asia, including those tracking popular U.S. stocks like NVIDIA, Tesla, Coinbase, and MicroStrategy, with a focus on intraday leverage changes. These products not only enrich the market ecosystem but also provide more short-term trading and hedging tools." "Currently, there are more than 210 ETP products listed in Hong Kong. As of May this year, the total assets under management of these ETP products have reached nearly 510 billion yuan, an increase of about 30% compared to 2020. During the same period, the average daily trading volume of these products has more than quintupled to approximately 40 billion yuan."