Hong Kong‘s crypto exercise within the securities trade has generated a income of $77 Million Yuan within the first quarter of 2024.
The Hong Kong Securities and Futures Fee has launched the “Monetary Assessment of the Securities Business”, which revealed that the full web revenue of the Hong Kong securities trade for the six months ending June 30, 2024 has seen additional development. The evaluation report shared that for the primary time the securities trade’s ‘digital asset buying and selling actions’ have incurred a complete of 77 million yuan in income within the Q1 of 2024.
The evaluation report additionally disclosed that the typical day by day market turnover and the variety of energetic money and margin prospects has additionally elevated. The monetary evaluation report and the most recent joint survey between the Securities and Futures Fee and the Hong Kong Financial Authority has discovered that the trade is regularly bettering its services and products.
The Securities and Futures Fee and the Hong Kong Financial Authority additionally carried out a joint survey revealing that the transaction quantity of non-exchange traded funding merchandise dealt with by licensed establishments in 2023 reached 1.238 trillion yuan.
Total, the full web revenue of all securities sellers and securities margin financiers in Hong Kong has gone as much as HK$19 billion in Q1 2024, which is a rise of fifty% and 29% from the earlier six months and a 12 months in the past respectively.
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