Core Insights - The Hong Kong Securities and Futures Commission (SFC) reported significant progress in the capital market driven by innovation and connectivity, with a notable increase in fundraising and trading activities [1] - The mutual connectivity between Mainland China and Hong Kong has deepened, with net capital inflow through the Stock Connect exceeding HKD 4.35 trillion, and southbound trading accounting for 22.5% of Hong Kong's market turnover [1] - Hong Kong has re-emerged as a top global fundraising platform, benefiting from recent reform measures, with a surge in new listings and secondary market trading [1] Group 1: Market Developments - The SFC recognized the first three tokenized money market funds in the Asia-Pacific region, marking a significant step towards the scaling of the tokenized market, with total assets under management reaching HKD 736 million by the end of March [1] - The SFC's "ASPIRe" roadmap aims to develop Hong Kong's virtual asset ecosystem, allowing two virtual asset exchange-traded funds (ETFs) to be pledged, setting a precedent in the Asia-Pacific region [1] - The total market capitalization of six virtual asset spot ETFs listed in Hong Kong has surged by 95% since their launch in April last year, with average daily trading volume increasing by 16% [1] Group 2: Regulatory and Strategic Initiatives - The SFC has collaborated with the Hong Kong Stock Exchange to optimize the new listing application approval timeline, achieving an average response time of 20 business days for new listing applications [2] - Since the introduction of supportive measures in April 2024, the initial public offering (IPO) market in Hong Kong has significantly rebounded, with 64 Mainland companies listed, raising over HKD 100 billion in total [3] - The total market capitalization of ETFs and leveraged and inverse products in Hong Kong has increased by 35% year-on-year to a record high of HKD 520 billion, accounting for 15% of the total market turnover [3] Group 3: Legal and Public Awareness Efforts - The number of approved license applications by the SFC has increased by 20% year-on-year, with a similar rise in institutional license applications [4] - The Hong Kong High Court made a landmark ruling in a market manipulation case, imposing the longest prison sentence to date, while the SFC reached a historic settlement in a corporate misconduct case involving Kangbai Holdings, providing compensation to shareholders [4] - To enhance public awareness against fraud, the SFC has intensified its anti-fraud campaign "Don't be a sucker" through advertisements in MTR stations and TV infotainment programs, reaching an estimated audience of over 1.6 million [4] Group 4: Sustainability Initiatives - The SFC aims to halve its total carbon emissions compared to the baseline, achieving its mid-term goal five years ahead of schedule to support sustainable development [5]
香港证监会:截至5月港股通累计净资金流入突破4.35万亿港元
智通财经网·2025-06-25 06:16