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Dado Ruvic - 2 Bitcoin - 2 Bosera - 1 Antoni Trenchev - 1 Nexo - 1 Trenchev - 1 Han - 1 ChinaAMC - 1
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Hong Kong's Securities - 2 Futures Commission - 2 ChinaAMC - 2 U.S . Securities - 2 Exchange Commission - 2 CNBC - 2 Tuesday - 1 China Asset Management - 1

Search resuls for: "Hong Kong's Securities"


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☆ Asia's first spot bitcoin and ether ETFs debut in Hong Kong
  + stars: | 2024-04-30 | by ( Shreyashi Sanyal | ) www.cnbc.com   time to read: +3 min
Dado Ruvic | ReutersHong Kong on Tuesday launched six spot bitcoin and ether exchange traded funds — becoming the first in Asia to offer retail investors the ability to trade the cryptocurrencies at spot prices. The cryptocurrency ETFs were issued by three Chinese firms — China Asset Management, Bosera Asset Management, and Harvest Global Investments — on the Hong Kong exchange. Spot bitcoin ETFs by ChinaAMC, Bosera HashKey and Harvest were above 3% higher in early trading, but subsequently gave up some gains to trade by about 1.5% higher. The three ether ETFs were trading above 1% in the morning, but fell into negative territory by the late afternoon. The spot crypto ETFs had received regulatory approval under the provision of virtual asset management services, but crypto futures ETFs have been trading on the HKEX since late 2022.
Persons: Dado Ruvic, Bosera, Bitcoin, Antoni Trenchev, Nexo, Trenchev, Han Organizations: Reuters, Tuesday, China Asset Management, Bosera Asset Management, Harvest Global, Hong, Hong Kong's Securities, Futures Commission, ChinaAMC, U.S . Securities, Exchange Commission, CNBC, Stock Exchange of Hong, ., Harvest Global Investments Locations: Reuters Hong Kong, Asia, China, Hong Kong, U.S, Singapore, Dubai, Japan, South Korea, Stock Exchange of Hong Kong
☆ Hong Kong regulators approve launch of spot bitcoin and ether ETFs
  + stars: | 2024-04-15 | by ( Arjun Kharpal | ) www.cnbc.com   time to read: +2 min
Hong Kong regulators on Monday approved the launch of spot bitcoin and ether exchange-traded funds (ETFs), asset managers said, following U.S. moves this year to bring these products to market. Harvest Global and Bosera International have also received SFC approval for bitcoin and ether ETFs, according to the companies. However, Hong Kong has slowly been trying to make itself a regulated crypto hub to compete with places like Dubai and Singapore. Hong Kong's moves come after U.S. securities regulators approved the trade of spot bitcoin ETFs, which have seen billions of dollars of inflows. Hong Kong would be one of the first places in the world to approve an ether ETF.
Persons: ChinaAMC, Bitcoin, Kong's, Yolande Chee Organizations: OSL Digital Securities, ChinaAMC, Hong Kong's Securities, Futures Commission, Harvest, Bosera, Hong Kong SFC, CNBC, U.S . Securities, Exchange Commission Locations: Hong Kong, China, Dubai, Singapore, cryptocurrencies
☆ Swiss SEBA Bank gets approval-in-principle for Hong Kong crypto services
  + stars: | 2023-08-30 | by ( Georgina Lee | ) www.reuters.com   time to read: +1 min
REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsHONG KONG, Aug 30 (Reuters) - Swiss crypto-focused SEBA Bank on Wednesday said it has received an approval-in-principle from Hong Kong's securities regulator that takes it only one step away from offering virtual asset services in the Asian financial hub. SEBA (Hong Kong), in a statement, said the Securities and Futures Commission will grant licences once it meets conditions for final approval. It will then be able to engage in securities dealing, including crypto-related structured products, and advise on and manage digital assets and traditional securities. Hong Kong is the third market in which the Zug-headquartered bank has sought a licence after Switzerland and Abu Dhabi. The approval-in-principle allows SEBA to prepare for operations as soon as it is licensed.
Persons: Dado Ruvic, HONG KONG, Georgina Lee, Christopher Cushing Organizations: REUTERS, Bank, Securities, Futures, Thomson Locations: HONG, Swiss, Hong Kong, cryptocurrencies, Zug, Switzerland, Abu Dhabi
☆ China funds flock to Hong Kong to sate mainland investors
  + stars: | 2023-04-20 | by ( Summer Zhen | ) www.reuters.com   time to read: +3 min
HONG KONG, April 20 (Reuters) - Large China-based fund managers are setting up shop in Hong Kong for the first time, seeking to fill Chinese investors' appetite for U.S. dollar-based products and international exposure after the country reopened its borders. As mainland-based funds are yuan denominated, fund managers need to set up in Hong Kong to be able to offer foreign currency products. "We are optimistic about Hong Kong as the global asset management hub. "Foreign managers are getting licenses and issuing funds in China - it's natural for us to go overseas," said Jason Yim, managing director of QX Asset Management in Hong Kong. Wealth management firms such as Noah Holdings (NOAH.N), China's largest independent wealth manager, are also aggressively expanding teams in Hong Kong.
☆ Amid crypto turmoil, Hong Kong debuts first crypto futures ETFs
  + stars: | 2022-12-15 | by ( Georgina Lee | ) www.reuters.com   time to read: +2 min
HONG KONG, Dec 15 (Reuters) - Two exchange traded funds (ETF) that track U.S.-listed cryptocurrency futures have raised a combined $73.6 million ahead of their debut on the Hong Kong stock exchange on Friday in defiance of the sector's meltdown. Cryptocurrencies have endured months of turmoil, with the collapse of crypto exchange FTX the latest blow to the sector. The larger of the two, CSOP Bitcoin Futures ETF (3066.HK), pulled in $53.9 million, according to the manager. "Coming after the recent liquidity problems affecting some of the crypto platforms, our two crypto futures ETFs demonstrate that Hong Kong remains open-minded on the development of virtual assets," said Yi Wang, head of quantitative investment at CSOP. On Friday, each lot trading on the Hong Kong Exchanges & Clearing (HKEX) (0388.HK) will debut at HK$780 each.
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