The Hong Kong Stock Exchange (HKEX) and Hong Kong Securities Clearing Company Limited issued a notice on the "Margin Rates for Trading Virtual Asset Spot Exchange Traded Funds (ETFs)". It was pointed out that the following risk management arrangements, which refer to the announcement issued on April 17, 2024 (No. ETP/001/24), will take effect on the same day as the launch of the virtual asset spot ETF:

1. The unified margin rate for non-constituent stock types (N-type) - virtual asset spot ETF and virtual asset futures ETF will be set at 30%;

2. The unified margin rate for non-constituent stock types (N-type) - other tools will remain unchanged (i.e. 12%).

Settlement participants should note that their margin rates will be determined based on the N-type unified margin rate and their individual margin multiplier. Settlement participants can retrieve their individual margin multiplier from the "Daily Participant Margin Multiplier Report" (DWH0081C) on the reporting platform.