According to BlockBeats, on September 26, the Hong Kong Securities and Futures Commission released the “Financial Review of the Securities Industry”, which showed that the total net profit of the Hong Kong securities industry for the six months ending June 30, 2024 recorded further growth, while the average daily market turnover and the number of active cash and margin customers increased. The financial review report and the latest joint survey of the Securities and Futures Commission and the Hong Kong Monetary Authority show that the industry is gradually improving the breadth and depth of its products and services.

The financial review report disclosed for the first time that virtual asset trading activities in the securities industry generated a total of 77 million yuan in revenue in the first half of 2024. At the same time, according to a joint survey by the SFC and the HKMA, the trading volume of non-exchange traded investment products handled by licensed institutions in 2023 reached 1,238 billion yuan, a record high.

In addition, the total net profit of all securities dealers and securities margin financiers in Hong Kong rose to HK$19 billion in the first half of 2024, an increase of 50% and 29% from the previous six months and a year ago respectively, continuing the trend of 25% year-on-year growth in 2023.

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