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Hang Seng Physical Gold ETF to List on Thu, Plans to Establish Tokenized Non-listed Class Fund Units
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Hang Seng Investment freshly launched a gold ETF, the "Hang Seng Gold ETF" (03170.HK), which is expected to be listed on the Hong Kong Stock Exchange on Thursday (29th). This ETF comprises of physical gold, with all gold bars stored in designated vaults located in Hong Kong. The gold custodian is a wholly-owned subsidiary of HSBC HOLDINGS (00005.HK), which has arranged for the HKIA Precious Metals Depository Limited and Brink's Hong Kong Limited to store the sub-fund's physical gold bars in Hong Kong. In the meantime, the ETF also plans to establish tokenized non-listed class fund units, with HSBC serving as the tokenization agent. AASTOCKS Financial News Website: www.aastocks.com |
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