Greater connectivity driving Hong Kong’s capital markets forward: SFC Quarterly Report

Hong Kong’s capital markets continued to thrive in the third quarter, driven by strengthened connectivity with Mainland China and the Middle East, according to the SFC’s latest Quarterly Report. Notable highlights include record net inflows of RMB664.3 billion through the Mainland-Hong Kong Stock Connect and significant growth in the ETF market, boosted by the enhanced ETF Connect and new listings on the Saudi exchange. The Cross-boundary Wealth Management Connect and Swap Connect also saw increased investor participation. Additionally, Hong Kong’s asset management industry expanded, with ETFs growing 34% year-on-year and licensed asset managers rising 24%. The SFC also advanced virtual asset platform licensing and streamlined IPO procedures amid active market operations. Enforcement actions led to major convictions in market manipulation and securities-related fraud cases.

Resources: https://apps.sfc.hk/edistributionWeb/gateway/EN/news-and-announcements/news/doc?refNo=24PR207