China Asset Management Hong Kong: It is recommended to explore the digital asset pass mechanism to allow qualified mainland investors to invest in Hong Kong virtual asset ETFs

Zhu Haokang, the current head of digital asset management and family wealth management of China Asset Management (Hong Kong), said that as of the end of 2024, the scale of Hong Kong’s spot Bitcoin ETF was US$400 million, which is significantly different from the US$105.4 billion in the United States. Hong Kong can leverage its close ties with the mainland to explore a digital asset link mechanism that allows qualified mainland investors to invest in Hong Kong’s virtual asset ETFs and security tokens. Digital Asset Connect can learn from the Hong Kong Stock Connect model, set an annual investment quota (such as 5 billion yuan), and require investors to meet the entry threshold through asset size or risk assessment tests. To prevent excessive speculation, an annual investment cap (such as RMB 100,000) is set for qualified investors. Establish investor access thresholds, requiring investors to have a certain financial asset size (such as 1 million yuan) or pass the crypto asset risk assessment test. (Hong Kong Wen Wei Po)