TechFlow news, September 26 — According to a report by the Hong Kong Economic Times, the Securities and Futures Commission (SFC) recently released its "Financial Review of the Securities Industry," disclosing for the first time revenue generated from virtual asset trading activities within the securities industry. These activities generated a total of HK$77 million in revenue during the first half of this year. Mr. Ye Zhiheng, Executive Director of the Intermediaries Division at the SFC, stated that Hong Kong's diverse product offerings meet the needs of both local and global investors. As investment sentiment improves, licensed firms are increasingly establishing themselves in distributing non-exchange traded products, with some actively expanding into virtual asset trading businesses.
Meanwhile, according to a joint survey conducted by the SFC and the Hong Kong Monetary Authority (HKMA), transaction volumes of non-exchange traded investment products handled by licensed institutions reached RMB 1.238 trillion in 2023, setting a new record high. Additionally, the total net profit of all securities dealers and securities margin financiers in Hong Kong rose to HK$19 billion in the first half of 2024, representing increases of 50% and 29% compared to the previous six months and the same period last year, respectively—continuing the 25% year-on-year growth seen in 2023.
