China Asset Management (Hong Kong) and Cheetah Trade launch all-weather secondary-market trading service for digital public funds
BIBIBI
AT A GLANCE
China Asset Management (Hong Kong) and Cheetah Trade launch 24/7 secondary-market trading service for approved digital public funds.
Article
China Asset Management (Hong Kong) and Cheetah Trade launch the world's first digital public fund 24/7 all-weather secondary-market trading service
PANews October 26 reported, according to an official announcement. China Asset Management (Hong Kong) and Cheetah Trade have launched the world's first digital public fund approved by the Hong Kong Securities and Futures Commission 24/7 all-weather secondary-market trading service. Subject to compliance with the platform's operating rules, retail investors may, throughout the year, 365 days and 24 hours, around the clock (including weekends and public holidays), buy or sell tokenized units of the approved China Asset Management Hong Kong Dollar Digital Money Market Fund and China Asset Management USD Digital Money Market Fund (collectively, the “Funds”). The relevant trading function is now officially live on Cheetah Trade. Cheetah Trade is a virtual asset trading platform licensed by the Hong Kong Securities and Futures Commission (VATP), wholly established by fintech company Futu Holdings Limited.
PANews reported that China Asset Management (Hong Kong) and Cheetah Trade launched a digital public fund 24/7 all-weather secondary-market trading service.
02
According to the report, the service was approved by the Hong Kong Securities and Futures Commission, and retail investors who comply with the platform's operating rules may, throughout the year, 365 days, every 24 hours, buy or sell tokenized units of the approved funds.
03
The relevant funds include the China Asset Management Hong Kong Dollar Digital Money Market Fund and the China Asset Management USD Digital Money Market Fund.
04
The relevant trading function is now officially live on Cheetah Trade.
05
Cheetah Trade is a virtual asset trading platform licensed by the Hong Kong Securities and Futures Commission and wholly established by Futu Holdings Limited.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
Simply put, after some approved money market funds are converted into tokenized units, retail investors who comply with the platform's rules can buy and sell them around the clock on Cheetah Trade.
Why it matters to readers
It extends the trading hours for approved digital fund units from specific periods to around-the-clock access throughout the year, but actual availability still depends on platform rules and trading conditions.
This is not ordinary cryptocurrency trading, but a tokenized trading service for approved fund units; investors still need to understand the product, eligibility, and trading rules.
Risks and unknowns
The evidence comes from PANews' account of official information; the full original announcements from both parties were not provided.
The actual trading volume, liquidity, subscription and redemption arrangements, and specific eligibility rules for retail investors were not clearly stated.
The full scope of products approved by the Hong Kong Securities and Futures Commission was not clearly stated.
Related Developments
Loading event timeline…
Related concepts
secondary market
This term is not in the glossary yet. Browse related concepts in the glossary.
