- It’s about Hang Seng Investment Management
- It’s a major investment fund manager in Hong Kong
Hang Seng Investment Management Limited (HSIM) is considering placing cryptocurrencies in existing investment products. This was announced by Li Peishan, director and CEO of. HSIM is part of the large conglomerate Hang Seng Bank (China). It is the largest investment fund management company in Hong Kong.
Mrs. Peishan said the fund does not have a clear decision on creating its own bitcoin-ETF right now.. This is how she commented on the recent news from HSBS. Recall that it is Hong Kong’s largest bank, which opens trading in cryptocurrency ETFs.
The HSIM company also pays key attention to the development of digital assets. They are considering a plan to deploy cryptocurrencies in existing investment products.
In 2022, HSIM launched a tool called ETF Connect. It allows retail clients to invest in futures. Last month, this fund accumulated AUM (assets under management) of over HK$12 billion. That’s almost 80% more than in December 2022. Over the past six months, ETF Connect has increased its trading volume sevenfold to 1.7 billion yuan. The fund accounted for 6 percent of Hong Kong Stock Connect’s total trading volume.
The introduction of cryptocurrencies into the ETF Connect index could affect trading in renminbi-denominated stocks. According to HSIM, this will contribute to the internationalization of the Chinese currency.