Investors should only treat virtual asset spot ETFs as ancillary investments / Interpretation of Hong Kong Virtual Asset Spot ETF Policy

According to Ming Pao News, the Hong Kong Investor and Financial Education Council said that virtual asset spot ETFs listed in Hong Kong are regulated by the Securities and Futures Commission, and investors can buy and sell virtual asset spot ETFs through securities banks or banks, and the trading method is as convenient and simple as stocks or other ETFs, but investors should understand whether the risk assessment of virtual asset spot ETFs is appropriate. As virtual asset spot ETFs are extremely volatile, they may not be able to bring about risk diversification. Therefore, in the investment portfolio, a virtual asset spot ETF should only be regarded as an ancillary investment. (PANews report)

据明报报道，香港投资者及理财教育委员会表示，在香港上市的虚拟资产现货ETF受证监会监管，投资者可以通过证券行或银行买卖虚拟资产现货ETF，交易方法跟股票或其他ETF一样方便和简单，然而投资者要了解虚拟资产现货ETF的风险程度评估是否适合。由于虚拟资产现货ETF极为波动，亦未必能够带来分散风险的效果。因此，在投资组合中，虚拟资产现货ETF应只视作辅助性的投资。(PANews报导)

The above understanding is that the HKEX still operates traditional securities (stock, bond, future & option) and exchange traded fund (ETF). It is mainly traded, supplemented by virtual asset spot ETFs. This should be based on the awareness of investor protection, virtual asset spot ETFs are still highly volatile, and the regulatory policies of various countries are different, so it is not advisable to advocate their investment profitability too quickly, so as not to cause a backlash from the public due to investment losses, and public opinion has always been the focus of government support. Previously, Hong Kong held many Web3 events, and the wind in Hong Kong has risen, and the Oriental Pearl has made waves again, and it is also the best entrance for the Chinese Web3 community, to contact the best market in the hinterland of Greater China, the new special economic zone, and the demonstration park, which have regained their glory under the dazzling glory of Victoria Harbour. (SDChain report)

对于上文的理解，就是香港证券交易所仍以传统证券(股票、债券、期货和选择权)和指数股票型基金(ETF)为主交易，而虚拟资产现货ETF为辅。这应是基于投资者保护意识，虚拟资产现货ETF波动仍大，且各国监管政策不一，故不宜太快倡导其投资获利性，以免投资亏损造成社会大众反弹，社会舆论一直都是政府支持度的重点。此前香港举办众多Web3活动，香江起风了、东方明珠再起声浪不断，且也是华人Web3社区的最好入口，接触大中华区腹地最好的市场，新经济特区、示范园地，在维多利亚港光彩夺目下重现荣光。(SDChain报导)

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