Page 66 - 期货和衍生品行业监管动态（2024年12月刊）

期货和衍生品行业监管动态

Commission’s (SFC) Quarterly Report published today.

Marking the tenth anniversary of the scheme, the Mainland-Hong Kong Stock

Connect had notched up strong net southbound inflows up to end-November,

amounting to RMB664.3 billion year-to-date and RMB3.2 trillion cumulatively.

Driving the growth of the city’s exchange-traded fund (ETF) market, the enhanced

ETF Connect boosted the number of eligible Hong Kong ETFs to 16 with a total

market capitalisation of more than $300 billion (Note 1).

Cross-boundary Wealth Management Connect scheme recorded a more than 60%

increase in southbound investment since its February enhancement. Under the

Mainland-Hong Kong Mutual Recognition of Funds scheme, net subscriptions for

Hong Kong funds amounted to RMB8.8 billion for the quarter. Swap Connect – the

first derivative market connect – saw active investor participation, with daily

transactions of renminbi interest rate swaps averaging RMB10 billion.

Connectivity with the broader Asian markets also made strides with the landmark

cross-listing of two Hong Kong ETFs on the Saudi exchange. Being the largest in the

Saudi ETF market with a combined market capitalisation exceeding US$1.6 billion

upon listing, the two feeder ETFs have been trading actively since their listing in late
October.

“Our ETF market has achieved new milestones this year with continued robust

growth in eligible ETFs under the Connect scheme and with new connectivity to the

Middle East,” said Ms Julia Leung, the SFC’s Chief Executive Officer.

“Going forward, with broadening mutual market access with the Mainland, the

SFC will strive to elevate Hong Kong to a global hub for multi-asset investing and

offshore renminbi fixed-income business,” she added.

Other highlights in the quarterly report included:

a) Hong Kong’s ETF market continued to grow, with the market capitalisation of

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