News summary

Hong Kong Deputy Secretary for Financial Services and the Treasury Chan Haolin revealedSafariSafari, in order to strengthen cooperation in domestic and Hong Kong capital marketsSafariSafariThe Hong Kong government is relaxing the scope of ETFs and is expected to be completed within three months. Last year, the average daily transaction volume of ETFs reached HK$14 billion, an increase of 80% year-on-year.

Newsletter text

[Hong Kong will relax the scope of stock ETF trading to strengthen mainland capital market cooperation] On May 6, Deputy Secretary of the Financial Services and Treasury Bureau of Hong Kong, Chan Haolin, revealed that in response to five new measures announced earlier by the China Securities Regulatory Commission and strengthening mainland and Hong Kong capital market cooperation, the Hong Kong government is carrying out technical work to relax the scope of stock exchange-traded funds (ETFs), and preparatory work is expected to take about three months to complete.

Chan Haolin pointed out that the average daily turnover of ETFs in Hong Kong last year reached HK$14 billion, an increase of about 80% compared with 2021. This growth was mainly due to the opening of the "ETF Connect".

As the range of ETF products participating in interconnection expands, it is expected to attract more funds to the Hong Kong stock market.

The implementation of this measure is expected to further enhance the internationalization level and competitiveness of the Hong Kong stock market and provide investors with richer investment options.