Page 65 - 期货和衍生品行业监管动态（2025年6月）

期货和衍生品行业监管动态

The SFC’s Chairman Dr Kelvin Wong said: “Our role as an effective regulator is

to ensure Hong Kong remains a cornerstone of global finance, where capital flows

efficiently, innovation thrives and fairness builds trust. As we navigate unprecedented

global challenges, regulatory agility, perfect foresight and proactive engagement are

crucial to facilitating market development and ensuring our capital markets serve

Hong Kong’s long-term economic interests.”

The SFC’s Chief Executive Officer Ms Julia Leung said: “Building on the solid

foundation of market resilience, Hong Kong’s long-term success also hinges on our

proactive growth strategies: strengthening our core competence as a premier

fund-raising and asset management hub and capitalising on the transformative forces

of the world to drive sustained growth.”

On the innovation front, the SFC authorised the Asia-Pacific’s first batch of three

tokenised money market funds for retail access last quarter, marking a step forward in

scaling the tokenisation market (Note 1). The funds had total assets under

management (AUM) of $736 million as of end-March (Note 2).

To develop Hong Kong’s virtual asset (VA) ecosystem under the “ASPIRe”

roadmap issued earlier this year, the SFC has subsequently allowed two VA ETFs to
engage in staking, marking Asia-Pacific’s first such ETFs (Note 3). Meanwhile, the

total market capitalisation of six Hong Kong-listed VA spot ETFs had surged 95% and

daily turnover risen 16% since their debut last April. For VA trading platforms, the

SFC has licensed a total of 11.

Hong Kong’s role as Asia’s premier capital intermediary was also reinforced

through new ties with the Middle East. The two Hong Kong ETFs cross-listed on the

Saudi Exchange are the largest ETFs there, with a market capitalisation of $14.5

billion (US$1.86 billion) as of May. For Asia’s first Saudi ETF listed in Hong Kong

since late 2023, its feeder ETFs cross-listed on Mainland exchanges since mid-2024

now contribute 17% to the master ETF’s market capitalisation.

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