BULLISH 📈 : Hang Seng Gold ETF Surges 9% on Hong Kong Exchange Debut

Hang Seng Launches Gold-Pegged ETF

Hang Seng Investment introduced the "Hang Seng Gold ETF" on January 29, under ticker "03170" on the Hong Kong Stock Exchange.
The ETF tracks the LBMA Gold Price AM and holds physical gold in Hong Kong vaults.
Features a tokenized share class on the Ethereum blockchain with potential expansion to other blockchains.
Tokenized units are not available in secondary markets and require subscription through qualified distributors.
Units will be open for subscription after securing necessary approvals.
The fund experienced a ~9% increase during Asia morning trading hours.
HSBC serves as the tokenization agent.

Hong Kong's Regulatory Developments

Hong Kong Insurance Authority plans to allow insurers to invest in digital assets by December 2025, requiring a 100% risk charge.
Hong Kong Securities and Futures Professionals Association opposes stricter licensing rules for minimal cryptocurrency exposure.
New rules may force asset managers with small crypto allocations to obtain full virtual asset licenses.