GUANGZHOU, China, July 8, 2024 /PRNewswire/ -- On July 4th, the ETF Connect Program,
which facilitated two way capital flows between mainland
China and Hong Kong for eligible ETFs, celebrated its
two-year anniversary. Over the past two years, the program
strengthened its position in deepening the integration of the two
capital markets, the number of eligible ETFs increasing from 87 to
151 since launch and the monthly Northbound trading volume rising
from US$55 million to US$2.98 billion in June this year.
According to Hong Kong Stock Exchange, the current eligible ETFs
consist of 84 listed on Shanghai Stock Exchange, 57 listed on
Shenzhen Stock Exchange, and 10 listed on Hong Kong Stock Exchange.
Among them, E Fund Management ("E Fund"), the largest fund manager
in China, has a total of 14 ETFs
included, covering a variety of indexes, including broad-based
indexes such as CSI 300 Index and STAR 50 Index, thematic index
such as CSI Artificial Intelligence Index, and strategic index such
as CSI Dividend Index. Additionally, the average management fee of
these offerings was less than 0.3% per annum, underscoring E Fund's
dedication to empower foreign investors to diversify their assets
across both Hong Kong and mainland
China markets in an efficient and
cost-effective manner.
The scope of the program is expected to see significant
expansion on July 22nd. It
is believed that this expansion will serve offshore investors
seeking exposure to A-share capital market with enhanced investment
choices, and increase liquidity and trading activity of relevant
ETFs in the same time.
About E Fund
Established in 2001, E Fund Management
Co., Ltd. ("E Fund") is a leading comprehensive fund manager in
China with close to RMB 3.3 trillion (US$ 454
billion) under management. It offers investment solutions to
onshore and offshore clients, helping clients achieve long-term
sustainable investment performances. E Fund's clients include both
individuals and institutions, ranging from central banks, sovereign
wealth funds, social security funds, pension funds, insurance and
reinsurance companies, to corporates and banks. It is a pioneer and
leading practitioner in responsible investments in China and is widely recognized as one of the
most trusted and outstanding Chinese asset managers.
Note: As at Jun 30, 2024. AuM
includes subsidiaries. Source: PBoC, Wind.
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