In the second quarter of 2024, Hong Kong’s capital markets showed broad-based progress, according to the Securities and Futures Commission (SFC). Key highlights include a 7% increase in assets under management for Hong Kong-domiciled funds, an 80% rise in net fund inflows, and a 3% rise in licence applications. The launch of six virtual asset spot ETFs, with a market cap of $2.4 billion, and 17 new virtual asset trading platform licence applications also marked significant achievements. The SFC has been active in enhancing market resilience, investor protection, and combating misconduct, including securing convictions for market manipulation and increasing public awareness of investment scams.
Resources: https://apps.sfc.hk/edistributionWeb/gateway/EN/news-and-announcements/news/doc?refNo=24PR138