According to the regulatory requirements of the southbound access published by the Hong Kong Monetary Authority, investment funds of southbound access need to be registered and approved by the Securities and Futures Commission of Hong Kong, and the Hong Kong banks that distribute the product should assess it as low to medium risk and non-complex. Additionally, Wu mentioned blockchain. Several Bitcoin ETF issuers in Hong Kong stated that southbound funds are absolutely prohibited from purchasing virtual currencies and related ETFs. However, all of this still needs confirmation from the issuers.
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