ETF trading under Stock Connect kicks off
There are over 130 EFTs listed in Hong Kong.
Exchange-Traded Funds (ETFs), one of the fastest-growing segments of Hong Kong’s markets, are now being traded under Stock Connect.
In an announcement, HKEX said ETF’s inclusion in its Mainland-HK programme will further strengthen the city’s position as a super-connector between China and the world.
“It signifies our ambition to enhance our ETF franchise, and reinforce Hong Kong’s position as Asia’s ETF marketplace,” HKEX CEO, Nicolas Aguzin, added.
As of May 2022, the over 130 Hong Kong-listed ETFs had an average daily turnover (ADT) of $11b, higher than 2020’s figure of $6.4b. Meanwhile, its assets under management are currently at over $430 billion.
“Adding eligible ETFs into Stock Connect will support the healthy development of ETFs in both the Hong Kong and Mainland China markets by expanding their respective investor bases,” HKEX added.
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