According to data released by Jean-Francois Mesnard-Sense, Senior Vice President of Securities Product Development at the Hong Kong Exchanges and Clearing Limited (HKEX), Hong Kong's ETF market now ranks third globally in terms of liquidity, with an average daily trading volume of nearly HK$38 billion as of the end of September. Hong Kong is currently the largest virtual asset ETP market in the Asia-Pacific region, with assets under management reaching HK$8.1 billion as of the end of September. The HKEX is reportedly planning to digitize the subscription and redemption mechanisms for the ETP primary market. (Hong Kong 01)