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Two Hong Kong ETFs have been newly included in the Southbound Hong Kong Stock Connect, tracking indices other than the Hang Seng Index, China A-shares Index, and the Technology Index.
Recently, the Shanghai Stock Exchange announced that starting from May 6th, the Global X Hang Seng High Dividend ETF (03110) and the Huaxia Hang Seng Index ESG ETF (03403) will be included in the list of ETF underlying assets for Southbound Stock Connect.
Recently, the Shanghai Stock Exchange announced that starting from May 6th, the Global X Hang Seng High Dividend Yield ETF (03110) and the Huaxia Hang Seng ESG ETF (03403) will be included in the list of ETFs under the Shanghai-Hong Kong Stock Connect. This is the first time that Hong Kong ETFs tracking indices other than the Hang Seng Index, Hang Seng China Enterprise Index, and Hang Seng Technology Index have been included in the Shanghai-Hong Kong Stock Connect. Currently, there are 10 Hong Kong ETFs included in the Stock Connect. All the Hong Kong ETFs in the Stock Connect track their respective indices. Wu Wanwen, CEO of the Hang Seng Company Limited, stated that with the inclusion of two new ETFs tracking the Hang Seng Index Series in the Stock Connect, along with the recent measures by the China Securities Regulatory Commission to broaden the range of eligible ETF products under the Stock Connect, this will further enrich the investment product options under the Stock Connect. Currently, there are 8 ETFs under the Southbound Stock Connect, with total assets under management of approximately HK$193.7 billion.
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