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HKEX Gregory Yu Welcomes More Gold-related ETF Listings to Support HK's Development as Gold Trading Hub
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HS GOLD ETF (03170.HK) debuted today (29th), becoming Hong Kong's first ETF supporting the redemption of physical gold. Gregory Yu, Head of Markets at HKEX (00388.HK), stated that the exchange has been committed to enriching the product ecosystem in recent years, covering various asset classes including commodities, to meet the growing market demand for diversified investment and risk management tools. This ETF marks the first gold-themed ETF listing in Hong Kong in the past decade. In his view, as more gold-themed ETFs will be launched one after another, there will be more precious metal-related products available for investors. Down the road, HKEX will continue to work closely with market stakeholders to drive product innovation and support Hong Kong's development as a gold trading hub, further fortifying Hong Kong's status as an international financial center. AASTOCKS Financial News Website: www.aastocks.com |
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