PANews reported on January 29 that Hang Seng's first Hong Kong ETF (03170.HK) that supports the exchange of physical gold at banks has been listed for the first time and is currently trading at HK$17.41, up about 8.81%.

As previously reported by AASTOCKS, Hang Seng Investments has recently launched a new gold ETF, the "Hang Seng Gold ETF," which holds physical gold. All gold bars will be stored in a designated vault in Hong Kong. The ETF also plans to establish tokenized, unlisted fund units, with HSBC acting as the tokenization agent. Initially, Ethereum will be used as the primary blockchain, but this may be expanded to other public blockchains with equivalent security and distributed ledger technology in the future. Fund unit holders can only subscribe to or redeem tokenized fund units through qualified distributors; these tokenized units will not be traded on a secondary market.