Tech-focused ETFs Take Spotlight after Mainland China-Hong Kong ETF Connect Expansion
July 18, 2024--On July 12th, it was announced that 91 additional ETFs will be added to the Mainland China-Hong Kong ETF Connect Program, which will take effect on July 22nd. This expansion brings the total number of ETFs in the program to 241, with 19 of them being managed by E Fund Management ("E Fund"), the largest fund manager in China. |
In meantime, a significant increase in foreign investors' demand for tech investment opportunities was observed, with the electronics sector being the most popular-the northbound fund inflows into the sector reached US$1.58 billion in the second quarter. After the expansion, offshore investors with interests in tech innovation can leverage enriched investment tools- more than 20 thematic ETFs, including three from E Fund, namely E Fund CSI Artificial Intelligence Thematic ETF (Code: 159819), E Fund CSI Cloud Computing & Big Data Index ETF (Code:516510), and E Fund CSI Technology 50 Index ETF (Code:159807). |
China's Economy Has Not Peaked January 7, 2025--Chinese policymakers should allow for a more market-driven allocation of land, money, and labor. |