China | BTC - ETF
China to gain access to BTC-ETF in Hong Kong
CYBSECGROUP
Hong Kong-registered Bitcoin ETFs may soon become available to investors in mainland China. Managing partner of SyzCapital Richard Byworth said about it.
I just got back from Hong Kong. There is talk that the ETF could be added to stock connect. The implications for this are absolutely enormous (basically means mainland money can buy it)
— Richard Byworth ∞/21M (@RichardByworth) May 1, 2024
SmashFi co-founder and COO Brian Hong-Jong Paik emphasized that Chinese citizens have invested most of their savings in real estate.
There is a rumor that investors in mainland China cannot invest in #Bitcoin ETFs listed on the Hong Kong Stock Exchange. I don't believe this is true, and here’s why:
— Brian HoonJong Paik (@brianhoonjong) April 15, 2024
1. Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect: These are cross-border trading links…
Pike noted that the mutual recognition of funds (MRF) agreement between Hong Kong and China facilitates the distribution of ETFs in each other's markets through a streamlined approval process.
