香港证监会，重磅发布！

Core Viewpoint - The Hong Kong Securities and Futures Commission (SFC) report for 2024-25 highlights significant progress in the capital market driven by innovation and connectivity, with increased fundraising and trading activities [2] Group 1: Innovation and Market Development - The SFC has recognized the first three tokenized money market funds in the Asia-Pacific region, marking a significant step towards the scale development of the tokenized market, with total assets under management reaching 736 million HKD as of March 31 [5] - Six virtual asset spot ETFs listed in Hong Kong since April last year have seen a 95% increase in total market value and a 16% rise in average daily trading volume [6] - The SFC has issued licenses to 11 institutions for virtual asset trading platforms, enhancing Hong Kong's role as a leading capital intermediary in Asia [6] Group 2: Cross-Border Connectivity - Hong Kong's ETFs listed on the Saudi Stock Exchange have become the largest in the region, with a total market value of 14.5 billion HKD (approximately 1.86 billion USD) as of May [6] - The cumulative net capital inflow from the Stock Connect program has surpassed 4.35 trillion HKD, with southbound trading accounting for 22.5% of Hong Kong's market turnover as of May [6] Group 3: IPO Market and Fundraising - A total of 64 mainland companies have listed in Hong Kong this year, raising over 100 billion HKD in total [7][8] - The average response time for new listing applications has improved to within 20 business days due to collaboration between the SFC and Hong Kong Exchanges and Clearing Limited [8] - The total market value of ETFs and leveraged and inverse products in Hong Kong surged by 35% year-on-year to a record high of 520 billion HKD, accounting for 15% of the total market turnover [8]