Hong Kong has already obtained state-owned enterprise investment funds to actively plan cryptocurrency-stock linkage projects

On September 8th, Tencent News' Qianwang published an in-depth report titled "Behind Jack Ma's Company Spending 310 Million Yuan on Ethereum: Hong Kong-Listed Companies Becoming Fascinated by Virtual Currencies.

" The report highlighted a recent and noteworthy trend in Hong Kong's capital market: several listed companies are actively investing in the virtual asset sector. The report revealed that a fund backed by a state-owned enterprise is actively planning "cryptocurrency-stock linkage" projects in Hong Kong, attempting to optimize capital allocation through indirect links between the securities market and digital currencies.

A Hong Kong-based financial industry professional stated in an interview that, since state-owned enterprise funds are currently prohibited from directly investing in cryptocurrency-related funds, such funds often seek to purchase shares of listed companies holding crypto assets in the secondary market.

"Currently, investing in Hong Kong-listed companies holding Bitcoin and other digital currencies is not subject to policy restrictions, making it a more indirect way for many institutions to enter the market," he added.

The Hong Kong Digital Asset Listed Companies Association currently has 49 members, 38 of which are Hong Kong-listed companies. Most of the companies represented by the association have expressed a willingness to accumulate cryptocurrencies or are planning to further expand their holdings.

Although the total market capitalization of these member units is approximately US$20 billion, the market still knows little about their specific holding plans and scale, and the potential capital inflow has attracted widespread attention.

This phenomenon reflects that Hong Kong, as an international financial center, is gradually influencing the asset allocation strategies of listed companies through its exploration of virtual asset regulation and market innovation, and also reflects the increasingly complex interactive relationship between traditional capital and emerging crypto assets.