Hong Kong SFC: Cumulative net capital inflow through Stock Connect exceeded HKD 4.35 trillion as of May

According to a report by Jinse Finance, the Hong Kong Securities and Futures Commission (SFC) released its 2024-2025 fiscal year report, noting that as of May, cumulative net capital inflows through Stock Connect exceeded 4.35 trillion yuan, with southbound trading accounting for 22.5% of Hong Kong market turnover. This reflects the ongoing deepening of connectivity between Mainland China and Hong Kong. The report highlights that, benefiting from reform measures introduced last year, both IPO activity and secondary market trading have rebounded, reestablishing Hong Kong as a leading global fundraising platform. Over the past year, virtual assets and securities tokenization have accelerated, driving Hong Kong toward its goal of becoming a future financial hub. Earlier this year, the SFC released the “ASPIRe” roadmap to promote the development of Hong Kong’s virtual asset ecosystem, subsequently approving two virtual asset exchange-traded funds (ETFs) for staking. Meanwhile, the total market capitalization of the six spot virtual asset ETFs listed in Hong Kong has risen by 95% since their launch in April last year, with average daily turnover up 16%. In terms of virtual asset trading platforms, the SFC has issued licenses to a total of 11 institutions.