HKEx: Virtual Asset Spot ETF Can Provide Margin Financing

According to the announcement "Launch of Virtual Asset Spot ETFs" issued by the Hong Kong Stock Exchange, it is stated that similar to other exchange-traded products and stocks, virtual asset spot ETFs can conduct margin financing, depending on the risk management policies of individual exchange participants. However, given the high volatility of virtual asset spot ETFs, exchange participants should exercise special caution when providing margin financing for customers to buy and sell these products, and exchange participants should abide by the guidelines of the Securities Supervision Commission on securities margin financing activities.