ChinaAMC Hong Kong, PantherTrade launch 24/7 fund trading
SingTao · 3 SOURCESabout 2 hours ago5 MIN
Summary
ChinaAMC (Hong Kong) and licensed virtual asset trading platform PantherTrade have launched a 24/7 secondary-market trading service for digital public funds, which they describe as the world’s first such service approved by the Securities and Futures Commission. In the initial phase, retail investors can trade tokenised units of ChinaAMC Hong Kong dollar and US dollar digital money market funds in Hong Kong dollars and US dollars, seven days a week.
Key Points
- The service is now live on PantherTrade, a platform wholly owned by Futu Holdings, and is available subject to the platform’s operating rules.
- ChinaAMC (Hong Kong) said the arrangement adds a secondary trading channel for fund units, while primary subscriptions and redemptions remain governed by the fund offering documents
- Digital asset business director Wu Junyu (吳隽瑜) said the model uses a “dual-track mechanism”, with secondary trading supporting circulation and primary dealing serving as liquidity back-up.
- Executive director and head of strategic business He Rui (何蕊) said the move goes beyond product innovation and points to deeper integration between traditional and digital finance.
- The platform discloses a third-party calculated intraday indicative net asset value, or iNAV, around the clock, while also using a volatility control mechanism aligned with Hong Kong Exchanges and Clearing practice
Why It Matters
For Hong Kong investors, the arrangement offers a regulated way to trade tokenised money market fund units outside conventional fund dealing hours, with immediate switching of capital into other opportunities highlighted as a practical use case. For the market, the launch serves as a live test of how licensed virtual-asset infrastructure and traditional asset management can be combined under Hong Kong’s regulatory framework.