ChainCatcher news, the Hong Kong Securities and Futures Commission (SFC) today issued a circular allowing SFC-approved exchange-traded funds (ETFs) that adopt a feeder fund structure to invest in overseas-listed ETFs from different markets under simplified regulations, including actively managed ETFs, provided certain conditions are met.Ms. Choi Fung-yee, Executive Director of the Investment Products Division of the Hong Kong SFC, stated that further simplifying the regulations applicable to feeder ETFs will save costs for ETF issuers and provide flexibility, while broadening investment options for investors, all while ensuring an appropriate level of investor protection. This move will also enhance Hong Kong's competitiveness in attracting overseas ETFs, solidifying its position as a premier asset management hub.

ChainCatcher news, Hong Kong Securities and Futures Commission (SFC) Executive Director of the Investment Products Division, Ms. Choi Fung-yee, pointed out in her keynote speech at the 2023 Bloomberg Buy-Side Forum that the SFC has recently received proposals for the tokenization of SFC-authorized products in the area of retail investment products.Ms. Choi stated, "The SFC is currently developing more detailed guidelines for the tokenization of SFC-authorized investment products and will release them in the short term. In principle, at this stage, it is more appropriate to first allow primary trading of SFC-authorized products, while secondary trading on Virtual Asset Trading Platforms (VATP) requires more cautious and careful consideration."