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Mainland China-Hong Kong ETF Connect Marks Two Years of Strengthened Market Integration, Expansion Expected to Boost Investment Options and Liquidity
July 8, 2024--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.
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Source: E Fund Management
A Closer Look at H1 2024 A-share ETF Market: Rise of Broad-based and High Dividend Yield ETFs
July 5, 2024--In the first half of 2024, the A-share ETF market scaled a new record high and the market size surpassed US$292 billion, with broad-based ETFs as the main driving force. According to Wind, the assets of broad-based ETFs doubled from US$83 billion in mid-2021 to over US$171 billion, increasing their share from 41% to 59%.
Meanwhile, 25 fund companies launched a total of 84 stock ETFs, an increase of 27 from the same period last year, with a combined initial offering size exceeding US$5.8 billion. Among them, E Fund, the largest fund manager in China, topped the market with ten new ETF launches[1] and over US$505k in fundraising.
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Source: E Fund Management
China ETF assets register 'explosive' growth
July 2, 2024--Booming sector has enjoyed annual growth rate of 40% since 2018 as actively managed funds have slumped
China's exchange traded fund industry has surged in recent years, buoyed by record high inflows into equities strategies and amid a slump in the take-up of active funds, according to Morningstar research.
Total annual inflows into China ETFs reached Rmb604.3bn ($83.3bn) in 2023, the research firm's latest China ETF Asset Flows report shows.
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Source: ft.com
IMF-China's Economic Outlook: Expert Insights on Growth and Global Impact
June 27, 2024--China is embarking on an economic transformation, centring the energy transition as the key driver of growth.
Beijing's economic policies aim to stabilize and invigorate global markets despite headwinds.
Ahead of a key economic policy meeting in Beijing, experts convened at the Annual Meeting of the New Champions in Dalian to unpack China's policy direction and economic outlook.
Aparna Bharadwaj, Managing Director and Partner, Global Leader for the Global Advantage Practice, Boston Consulting Group, Singapore, noted that even China's relatively modest 5% growth target for 2024 -a target affirmed by Chinese Premier Li Qiang in the meeting's opening plenary- needed to be put in perspective.
"Five per cent growth will already add more to the global GDP than India, Indonesia and Japan combined," she said. "So even a so-called slowed down growth of China is actually incredibly relevant for the global economy."
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Source: imf.org
Green Building Revolution Could Open $1.8 Trillion Global Market Opportunity by 2030
June 26, 2024--A new report identifies 11 strategies that could abate building emissions by 80% and potentially unlock $1.8 trillion in global market opportunities by 2030.
China, as the world's largest construction market, can play a critical role in driving sustainable change across the global building industry.
The report identifies key barriers facing the global building industry including gaps in regulations and industry standards, data management and advanced tech adoption, biomaterials, financing and labour force upskilling.
A new World Economic Forum report released today outlines a roadmap for transforming the global building sector to combat climate change and protect biodiversity. Amid rapid urbanization worldwide, primarily driven by emerging economies, the report presents a timely case for the decarbonization of the sector, showing how it could generate significant economic gains for early adopters and a positive environmental impact for all.
Towards Green Building Value Chains: China and Beyond published in collaboration with Boston Consulting Group (BCG), identifies 11 strategic transition levers across the entire value chain of buildings. These levers, when combined, could unlock over 80% of the sector’s abatement potential and open a $1.8 trillion market opportunity, as per the new research.
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Source: weforum.org
SOLOWIN Driving Investor Adoption of Virtual Assets as the Largest Holder of Multiple Spot Bitcoin and Ethereum ETFs in Hong Kong
June 17, 2024--June 17, 2024--SOLOWIN HOLDINGS ("SOLOWIN" or "the Company"), a securities brokerage company that offers comprehensive financial services primarily to Chinese investors globally, today announced that Solomon JFZ (Asia) Holdings Limited ("Solomon"), its operating subsidiary, has become the largest holder of customer assets in the ChinaAMC Bitcoin ETF (HKEX: 9042), ChinaAMC Ethereum ETF (HKEX: 9046), and Harvest Bitcoin Spot ETF (HKEX: 3439).
In addition, Solomon is also among the top holders of ChinaAMC Bitcoin ETF (HKEX: 3042) and ChinaAMC Ethereum ETF (HKEX: 3046).
Solomon's prominent role as a top holder of multiple ETFs highlights its expertise in financial products and its deep understanding of the local market, which enables it to offer exposure to virtual assets for a broad range of investors and clients. As a key participating dealer for ChinaAMC and Harvest Global's virtual asset ETFs, Solomon facilitates the in-kind subscription and redemption processes for the ETFs, demonstrating its capability in navigating the regulatory landscape and its commitment to adhering to the highest standards of compliance for virtual asset investments.
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Source: Solowin Holdings
Solactive Launches Subordinated Bank Bond Index for Betashares in Australia
May 17, 2024--Solactive has launched the Solactive Australian Major Bank Subordinated Index in partnership with Betashares, a leading exchange traded fund (ETF) provider in Australia. To be eligible for inclusion in the index, bonds must have amounts outstanding of at least $500 million and a remaining maximum term to maturity of 10 years.
The Solactive Australian Major Bank Subordinated Index tracks the performance of a portfolio of Basel III Tier 2 subordinated floating rate bonds issued by Australia's four largest banks- Australia and New Zealand Banking Group Limited (ANZ), Commonwealth Bank of Australia, National Australia Bank Limited (NAB), and Westpac Banking Corporation. The Australian major banks remain the foundational pillars of
the banking system, and Australian banks are generally considered some of the best capitalised major financial institutions in the world.
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Source: Solactive AG
Hong Kong and Saudi Arabia explore funds to track Hong Kong stock indices
May 9, 2024--Hong Kong and Saudi Arabia are exploring the creation of an exchange-traded fund (ETF) tracking Hong Kong indices, Hong Kong Deputy Financial Secretary Michael Wong said in a statement on Thursday.
The Hong Kong government is currently working with several financial institutions to develop the ETF, Wong said.
The statement was released on the sidelines of an event jointly held by the Saudi Tadawul Group, the owner of the Saudi Exchange, and Hong Kong Exchanges and Clearing Ltd (HKEX).
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Source: reuters.com
HKD 2.4 Billion AUM Highlights Strong Market Entry for Newly Launched Spot Crypto ETFs in Hong Kong
May 7, 2024--OSL's key partnerships secure 76% market share in spot BTC/ETH ETF market
The inaugural week of the newly launched ETFs has exceeded all projections, with asset under management (AUM) surpassing HKD2.4 billion as of 6 May, a testament to the strong investor interest and confidence in the market.
This milestone highlights the successful fusion of traditional financial systems with cutting-edge digital asset solutions, showcasing the evolution and maturity of Hong Kong's digital finance landscape.
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Source: Source: OSL
Asia ESG fund flows plummet in first quarter
May 7, 2024--Strong inflows to Taiwan's sustainable vehicles help offset heavy outflows from Hong Kong and Singapore
There were "subdued" flows in sustainable funds in Asia excluding Japan and China in the first quarter of the year, recording a 63 per cent decline from a revised $1.7bn in net new money chalked up during the previous quarter.
Sustainable open-ended and exchange traded funds in the Asia ex-Japan, ex-China region posted $622mn in net inflows in the three months to the end of March, Morningstar’s Global Sustainable Fund Flows report shows.
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Source: ft.com
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