The Hong Kong Securities and Futures Commission (SFC) released its Q4 2025 report, noting that it has officially become a member of the Hong Kong Police Force's Virtual Asset Intelligence Task Force. This strategic innovation has contributed to the continued growth of Hong Kong's listed and digital asset markets. Regarding digital assets, since its launch in 2025, the SFC-approved tokenized retail money market funds have seen their assets under management grow to HK$8.66 billion as of December last year, a 14% increase quarter-on-quarter. Furthermore, since the launch of Asian virtual asset spot exchange-traded funds (ETFs) in 2024, 11 such ETFs have been listed in Hong Kong, with their total market capitalization increasing by 142% to over HK$5.4 billion since their inception. As of December last year, the total market capitalization of SFC-approved ETFs and leveraged and inverse products jumped 33.7% year-on-year to HK$618.7 billion. Furthermore, net capital inflows into funds registered in Hong Kong surged 118.5% year-on-year to HK$356.7 billion in 2025, while assets under management of these funds grew 38.3% year-on-year to HK$2.28 trillion as of December last year, and the total number of funds increased by 9.1% year-on-year to 1,041.