CITIC Securities: China Asset Management (Hong Kong) Digital Currency Fund has no secondary market, and may subsequently be subscribed and redeemed with stable currencies
Chen Wenji, head of Hong Kong Products and Investment Solutions Department of CITIC Securities Wealth Management, revealed that since Hong Kong's "Stable Currency Ordinance" has not yet come into effect, Huaxia Fund (Hong Kong) will be the second batch of token funds.(Huaxia USD Digital Monetary Fund and Huaxia RMB Digital Monetary Fund) At present, they only belong to monetary funds, which can only be subscribed and redeemed in legal currency but will pay dividends. In addition, there is no secondary market for relevant funds at present. The medium-and long-term goal is to subscribe and redeem in stable currency. The ultimate goal is to achieve seamless trading 24 hours a day.
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