Hong Kong ETF Progress Research
Nov 7, 2023
TLDR;
Hong Kong is growing as a hub for virtual assets in Asia, with more Chinese firms seeking virtual asset service platform licenses
There is a high chance that Hong Kong will launch a crypto ETF to capture more volume, especially as the stock market is performing poorly
Recent progress includes the establishment of YouTube and Medium channels, and ongoing research into Hong Kong ETFs
The US has stricter regulations and tax systems for crypto players, while Hong Kong is more open to virtual assets
Tiger Securities has applied for a Hong Kong virtual asset service platform license, with backing from Tencent and Xiaomi
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