Hong Kong Financial Secretary: Hong Kong has over 210 listed ETPs, pegged assets include digital assets and more
BlockBeats News, July 6th, Hong Kong Financial Secretary Paul Chan stated in an article that "Currently, ETPs listed in Hong Kong have their underlying assets anchored in a variety of assets including stocks, fixed-income products, commodities, currencies, and digital assets. The sources of these assets cover the Mainland, the United States, Europe, Japan, Korea, Southeast Asia, the Middle East, and South America."
"ETPs allow issuers greater flexibility in the selection of underlying assets, product returns, and risk structures, making it easier for them to capture investor interest and hedge risks, continuously launching new products to meet the ever-changing market trends. For example, in March of this year, Hong Kong welcomed the first batch of leveraged and inverse products in Asia, including those tracking popular U.S. stocks such as NVIDIA, Tesla, Coinbase, and MicroStrategy, with a focus on intraday leverage changes. These products not only enrich the market ecosystem but also provide more short-term trading and hedging tools."
"Currently, there are over 210 ETP products listed in Hong Kong. As of May this year, the total assets under management of these ETP products have reached nearly 510 billion yuan, an increase of about 30% from 2020, with the average daily trading volume of these products more than quintupling during the same period to approximately 40 billion yuan."
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WEEX P2P update: Country/region restrictions for ad posting
To improve ad security and matching accuracy, WEEX P2P now allows advertisers to restrict who can trade with their ads based on country or region. Advertisers can select preferred counterparty locations for a safer, smoother trading experience.
I. Overview
When publishing P2P ads, advertisers can now set the following:
Allow only counterparties from selected countries or regions to trade with your ads.
With this feature, you can:
Target specific user groups more precisely.Reduce cross-region trading risks.Improve order matching quality.
II. Applicable scenarios
The following are some common scenarios:
Restrict payment methods: Limit orders to users in your country using supported local banks or wallets.Risk control: Avoid trading with users from high-risk regions.Operational strategy: Tailor ads to specific markets.
III. How to get started
On the ad posting page, find "Trading requirements":
Select "Trade with users from selected countries or regions only".Then select the countries or regions to add to the allowlist.Use the search box to quickly find a country or region.Once your settings are complete, submit the ad to apply the restrictions.
When an advertiser enables the "Country/Region Restriction" feature, users who do not meet the criteria will be blocked when placing an order and will see the following prompt:
If you encounter this issue when placing an order as a regular user, try the following solutions.
Choose another ad: Select ads that do not restrict your country/region, or ads that allow users from your location.Show local ads only: Prioritize ads available in the same country as your identity verification.
IV. Benefits
Compared with ads without country/region restrictions, this feature provides the following improvements.
Aspect
Improvement
Trading security
Reduces abnormal orders and fraud risk
Conversion efficiency
Matches ads with more relevant users
Order completion rate
Reduces failures caused by incompatible payment methods
V. FAQ
Q1: Why are some users not able to place orders on my ad?
A1: Their country or region may not be included in your allowlist.
Q2: Can I select multiple countries or regions when setting the restriction?
A2: Yes, multiple selections are supported.
Q3: Can I edit my published ads?
A3: Yes. You can edit your ad in the "My Ads" list. Changes will take effect immediately after saving.
