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HKD 2.4 Billion AUM Highlights Strong Market Entry for Newly Launched Spot Crypto ETFs in Hong Kong
May 7, 2024--OSL's key partnerships secure 76% market share in spot BTC/ETH ETF market
The inaugural week of the newly launched ETFs has exceeded all projections, with asset under management (AUM) surpassing HKD2.4 billion as of 6 May, a testament to the strong investor interest and confidence in the market.
This milestone highlights the successful fusion of traditional financial systems with cutting-edge digital asset solutions, showcasing the evolution and maturity of Hong Kong's digital finance landscape.
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Source: Source: OSL
Asia ESG fund flows plummet in first quarter
May 7, 2024--Strong inflows to Taiwan's sustainable vehicles help offset heavy outflows from Hong Kong and Singapore
There were "subdued" flows in sustainable funds in Asia excluding Japan and China in the first quarter of the year, recording a 63 per cent decline from a revised $1.7bn in net new money chalked up during the previous quarter.
Sustainable open-ended and exchange traded funds in the Asia ex-Japan, ex-China region posted $622mn in net inflows in the three months to the end of March, Morningstar’s Global Sustainable Fund Flows report shows.
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Source: ft.com
MetaComp and Bosera Strengthen Collaboration to Promote Bosera Cryptocurrency ETFs Among Global Investors
May 7, 2024--MetaComp Pte Ltd and its subsidiaries (collectively referred to as "MetaComp") and Bosera Fund Management (International) Co., Ltd. ("Bosera International") strengthened their collaboration to introduce the eagerly awaited Bosera cryptocurrency ETF to investors worldwide.
Bosera International and HashKey Capital Limited have jointly launched the Bosera HashKey Bitcoin ETF (3008.HK) and the Bosera HashKey Ethereum ETF (3009.HK), both of which began trading on 30 April 2024 on the Hong Kong Stock Exchange.
These highly anticipated products have attracted significant attention from international regulators and the global investment community since their announcement, marking a pivotal step in providing investors with regulated, diversified access to the burgeoning digital asset markets.
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Source: MetaComp Pte Ltd
South Korea's Newly Elected Party to Fulfill Election Promise with Bitcoin ETF Review Request
May 7, 2024--During the campaign, the Democratic Party of Korea promised to allow trading and listing of spot ETFs in the country to entice young voters to participate in the election.
The Democratic Party of Korea has revealed its plans to request the Financial Service Commission (FSC) to clarify the regulatory framework governing Bitcoin ETFs in the country.
This move signals the party's willingness to allow spot Bitcoin exchange-traded funds (ETF) in South Korea.
Fulfilling Election Promises: The Push for Bitcoin Spot ETFs
This request, which was made known via Blooming Bit, reported that an official from the Democratic Party stated that, in a bid to grant their election promises and pledges, the party aims to request an authoritative interpretation of spot ETF from the regulatory body after the 22nd national assembly.
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Source: coinspeaker.com
Mirae Asset introduces high dividend yield ETF to China
May 7, 2024--Mirae Asset Global Investments, a leading asset manager based in Korea, has introduced a high dividend yield exchange-traded fund to the mainland Chinese market through cross-border trading with Hong Kong, the firm announced Tuesday.
The Global X Hang Seng High Dividend Yield ETF, operated by the asset manager's ETF arm in Hong Kong, was set up for trading on China's Shanghai Stock Exchange and Shenzhen Stock Exchange on Monday.
The ETF tracks shares with high dividend yields on the Hong Kong Stock Exchange's benchmark Hang Seng index. The net asset is about $272 million, the largest among the high dividend yield ETFs listed on the Hong Kong exchange.
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Source: koreaherald.com
Premia Partners announced fee reduction for Premia Vietnam ETF and change of underlying index
May 1, 2024--Premia Partners, a leading ETF provider from Hong Kong, announces today fee reduction of its Premia Vietnam ETF (the ETF) and change of the underlying index to S&P Vietnam Core Index (USD) NTR (the index) with immediate effect.
Total expense ratio of the ETF would be lowered from 0.75% to 0.70% per annum, reflecting Premia's commitment to offering competitive pricing and enhancing value for investors. The physically replicated ETF offers cost-efficient and convenient access to the fast-growing Vietnam equity markets, and the new index was introduced to enhance the asset allocation and risk diversification of the ETF and better reflect opportunities from continued growth and development of the Vietnam stock markets.
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Source: Premia Partners
IMF-Asia's Growth and Inflation Outlook Improves, but Risks Remain
April 29, 2024--The regional outlook has strengthened as price pressures have moderated, although China's property market correction and geoeconomic fragmentation remain key risks.
The outlook for Asia and the Pacific in 2024 has brightened: we now expect that the region's economy will slow less than we previously projected as inflation pressures continue to dissipate.
We have raised our regional growth forecast for this year to 4.5 percent, up 0.3 percentage point from six months earlier, after a 5 percent expansion in 2023. The revision reflects upgrades for China, where we expect policy stimulus to provide support, and India, where public investment remains an important driver, making it the world's fastest-growing major economy. In a still subdued external environment, robust private consumption will remain the main growth driver in Asia’s other emerging market economies. The Asia growth forecast for 2025 is unchanged at 4.3 percent.
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Source: imf.org
MetaComp Announces Strategic Partnership with Harvest Global Investments to Explore Bringing HK-Listed ETFs to Investors in Singapore and Beyond
April 29, 2024--MetaComp Pte Ltd, a leading Monetary Authority of Singapore (MAS) licensed Singapore fintech company that specializes in blockchain technology and digital assets, and its affiliates (collectively referred as MetaComp), is proud to announce a strategic partnership with Harvest Global Investments Limited (HGI), a leading asset management company licensed with the Securities and Futures Commission of Hong Kong.
HGI is among the pioneering Chinese asset management firms to establish subsidiaries abroad. The Memorandum of Understanding executed between MetaComp and HGI marks a significant step towards potentially broadening the accessibility of innovative financial products globally with special emphasis on the recently announced cryptocurrency spot ETFs which will be expected to start trading on the Hong Kong Stock Exchange from 30 April 2024 onwards. This follows the announcement by HGI that they have received authorization from Hong Kong's Securities and Futures Commission to launch the highly anticipated cryptocurrency ETFs.
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Source: MetaComp Pte Ltd
Option2Trade Becomes Attractive Hong Kong Set to Approve First Spot Bitcoin (BTC) ETF's, Alongside Ethereum ETF's Once Approved
April 11, 2024--In the rapidly evolving landscape of cryptocurrency investment, Option2Trade (O2T) has emerged as a platform of choice for traders seeking exposure to digital assets like Bitcoin (BTC) and Ethereum (ETH). As Hong Kong moves closer to approving its first spot Bitcoin ETFs, with Ethereum (ETH). ETFs to follow suit once approved, the attractiveness of Option2Trade (O2T) as a versatile trading platform is on the rise. In this article, we delve into the significance of Hong Kong's ETF approvals and their implications for Option2Trade (O2T) traders.
Hong Kong's Move Towards ETF Approval
Hong Kong, known for its bustling financial markets and regulatory innovation, is poised to make a significant stride in the realm of cryptocurrency investment. The Securities and Futures Commission (SFC) of Hong Kong is reportedly on the verge of approving the first spot Bitcoin ETFs, paving the way for investors to gain exposure to Bitcoin (BTC) through regulated investment vehicles. Additionally, Ethereum (ETH) ETFs are expected to follow suit once the necessary regulatory approvals are obtained.
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Source: Option2Trade
China's continued focus on the same export-driven model is bound to hit an impasse
April 2, 2024--China's 'Two Sessions'- the National People's Congress (NPC) and the National Committee of the Chinese People's Political Consultative Conference (CPPCC)- took place from 4-11 March in Beijing. Premier Li Qiang delivered his first 'work report' which marked both the beginning of a new era for China and the 75th anniversary of the People's Republic of China (PRC).
This is the first year that China is experiencing full economic normalisation after the pandemic, as a positive push from the end of mobility restrictions under Zero-Covid policies in 2022 distorted economic data in 2023.
Li Qiang's first 'work report' delivered on 5 March signifies a departure from the previous decade under Premier Li Keqiang's leadership. The report puts more emphasis on the supply side rather than on the demand side of the economy. The focus on 'new productive forces' in the report indicates that China aims to double down on manufacturing and advanced manufacturing, while demand-oriented stimulus measures seem to be less relevant. Foreign investors were expecting China to announce fiscal and/or monetary stimuli to support the fledging economy. The disappointment of investors was felt in a 2% drop in the Hang Seng Index right after the 'work report' was delivered, which is China's most relevant offshore barometer of foreign sentiment.
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Source: bruegel.org
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