HKEX (00388.HK) comprehensive fund platform is expected to roll out platform and agent services in the second half of the year.

The Financial Secretary and the Treasury, Christopher Hui, responded to a question in the Legislative Council, revealing that Hong Kong Exchanges and Clearing Limited (00388.HK) +5.600 (+1.490%) short selling of $159 million; ratio 23.260% has set up a comprehensive fund platform that has been welcomed by the fund industry since its launch. As of the end of May this year, it has attracted 55 financial institutions, including fund companies, distributors, and registered agents. It is expected that in the second half of this year, it will roll out “platform and agent services,” expanding functions to cover agent services and promoting payment and settlement, to enhance market efficiency and reduce trading costs.

He also said that since the optimization measures of “Cross-boundary Wealth Management Connect 2.0” were launched in February 2024, the number of mainland investors investing in Hong Kong wealth products has increased from about 25,000 to about 126,000. As of the end of May this year, the number of individual investors participating in Cross-boundary Wealth Management Connect exceeded 181,000, and the cross-boundary remittance amount (including Guangdong, Hong Kong and Macau) exceeded RMB 138 billion. The authorities and the financial regulators will closely monitor market development and the operation of Cross-boundary Wealth Management Connect, maintain close communication with mainland regulatory authorities, regularly review implementation, and work with mainland regulators to study further optimization measures. (gc/u) (Hong Kong stock quotes are delayed by at least 15 minutes. Short selling data as of 2026-07-08 12:25.)

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