Not surprised that CCP has something to do with the Hongkong ETF, don't expect that ETF to happen in the mainland, bitcoin is like gambling to China, they're hypocritically repulsed by it but they can't ignore the value and benefit that you can get out of it that they've got an administrative regions for gambling and they build their casinos outside the mainland, that's the same thing with this one and that's why they also want to invade Taiwan, more regions outside of China to do hypocritical stuff.

They didn't totally ban or outright ban mining, the CCP have bitcoin farms in the country, what they don't like is the idea that there's such a thing for their people as individual freedom, that's not a thing that would make them happy. The Party wants everything for themselves and close to nil to the billions of people in the Mainland, they can't care less as long as Mao's decrepit legacy's is intact, that's where the CCP will try to go.

The simple truth is that China does not want cryptocurrencies in mainland but it doesn't want to miss the opportunity. That is why it is using it's satellite HK to deal with everything related to cryptocurrencies. What this news media is discussing is just speculations and nothing of that will happen in the future in the mainland. The CCP has placed a ban on everything related to crypto still they are trying to lure the community with friendly rules and regulations. They are benefitting with this approach then why will they change their policies, you should question yourself?

Anyone who has seen and actually paid attention to what happened in Hong Kong would know that all the so-called freedom is just a tiny carrot before 100 sticks come biting, China will never allow what is happening in the stock market to happen in Shanghai, if it would have allowed those experiments we wouldn't have all these major differences, do some of you know that day trading is actually banned in China while it has been allowed for 20 years in HK?

But anyhow, what's so great for those ETF again?
What do those ETF have to do with a decentralized p2p currency and being your own bank?
Oh, yeah, it has to do with money!

I know it is still quite a long time to go but looking back at China and Hong Kong’s history we all know that Hong Kong’s time is limited and soon they will just be under China. I do wonder how it will play out if China has banned cryptocurrencies and does not encourage participation in it meanwhile Hong Kong is regarded as one of the first asian countries to implement etf crypto.

A lot of things that goes on in China is difficult to understand, but i do not agree that this is an indication that mainland China will accept BTC in the form of an etf or by lifting the numerous, and often confusing bans they have placed on crypto in their country. It is not new to read threads like this, were people believe that the policies the governmnet of China has about BTC and crypto could be changing for the better, but it always turns out to be false, just like this present case will.

The etf approval in HK isn't even a big one, and people should not expect the price to pump like it did in reaction to the approval in the U.S, the inflows are very different and incomparable.

The law still restricts citizens of mainland China from investing in the Hong Kong Bitcoin ETF but the approval of this service is an indication that China is gradually shifting its unfriendly position. This is because China politically and economically controls Hong Kong. I share OP's views that China might soon unban Bitcoin mining and other crypto services.

My stance is backed by the fact that most of the companies engaged in the ETF have their headquarters in Mainland China. So I suspect that they using Hong Kong as an experiment on the ETF through these company's subsidiaries. The collapse of the real estate sector in China affected the country's economic performance negatively, so they are seeking other means to improve the economy.

It is only a matter of time before China change their stance towards bitcoin and publicly announced they are open to this market again. They have seen clearly that even if they banned btc or crypto, its market still continue to proliferate outside their country. So even if they say they are one of the powerhouse, they have no control of what will happen to cryptocurrency market. And that we can't deny because btc continues its adoption when they shutdown their doors to this market. They thought the world of crypto will stop but the opposite happens.

We all know how notorious China is for wanting to control their citizens in all kinds of aspects. Their internet access is literally restricted so we should not be surprised that they do not want their citizens to be participating in a currency that does not allow them, the government, to interfere with anything crypto-related.

I am just glad that chinese citizens have the option still to participate in crypto in Hong Kong and a lot freer than most countries may I even add.

But technically, it's not China that's approved of ETF yet, Hong Kong is still a separate entity, kind of like an administrative region of China like Macau. They will never allow this in the mainland China, just like they've been doing with gambling in the mainland, there's only like the lottery there so I'm sure that the mainland would see a bitcoin ETF. He didn't lose any of his money, he just disappeared for awhile for "reeducation", that's what the Chinese government does with it's billionaires, they know that money can be a powerful tool against people that are trying to control more people so they make sure that these billionaires are always acting right or in accordance to what the Chinese government wills, that's been a thing for many billionaires.