China Securities Guoxin Gang Tong State-Owned Enterprise Dividend ETF Shanghai-Hong Kong Simultaneous Listing and Trading

2024-07-12 18:43

Zhitongcaijing
Recently, the ETF products related to the CSI Guonewang Stock Connect SOE Dividend Index were simultaneously listed on the Shanghai Stock Exchange and the Hong Kong Stock Exchange.
On July 12, according to the Shanghai Stock Exchange, the China Securities Zhongxin Hong Kong Stock Connect SOE Dividend Index related ETF products were simultaneously listed on the Shanghai and Hong Kong stock exchanges. At the ceremony in Shanghai, representatives from ETF managers such as GF Fund, Invesco Great Wall Fund, Southern Fund, representatives from SOEs such as CNOOC, China Railway Construction, AVIC, China Communications Construction, as well as representatives from China Securities Index Company, securities firms, banks, insurance asset management companies and more than 30 other institutions attended the listing ceremony.
The person in charge of China State Development Corporation stated that the corporation adheres to the national strategic orientation and has gradually developed seven major business segments including fund investment, financial services, asset management, equity operations, overseas investment, direct investment, and securities, achieving high-quality development. As a market-oriented and professional equity operations platform, the State Development Investment, in collaboration with partners, released the China State New "1+N" series of SOE indices, successfully issuing 13 ETF products. The Hong Kong Stock Connect SOE Dividend ETF issued this time serves as a bridge and link between SOEs and the capital market, guiding more international capital and industrial resources to efficiently converge on Hong Kong-listed SOEs, promoting the rational return of value for listed SOEs.
The person in charge of the Hong Kong Financial Services and Treasury Bureau stated that with the accelerated pace of reform and opening up in Mainland China, Hong Kong has seized the opportunity to develop as the world's largest offshore RMB business center. As the international financial center of the country, Hong Kong has always provided high-quality investment and financing platforms and services for Mainland enterprises, including SOEs and state-owned enterprises, in coordination with the vigorous development of emerging industries in the Mainland. In recent times, in order to actively cooperate with the new "Country's Nine Articles" introduced by the country, the Hong Kong SAR government and regulatory agencies have been making efforts to attract medium and long-term capital into the market, continuously improving the capital market system in Hong Kong.
ETFs, as investment products for inclusive finance, are an important tool for the general public to manage their wealth and pursue common prosperity. The listing of the China Securities Zhongxin Hong Kong Stock Connect SOE Dividend ETF is expected to further highlight the demonstration effect of SOE dividends, enhancing investors' sense of achievement and satisfaction in the capital market. The Shanghai Stock Exchange will take this opportunity, under the guidance of Xi Jinping's Thought on Socialism with Chinese Characteristics for a New Era, and in accordance with the unified deployment of the China Securities Regulatory Commission, fully support the high-quality development of SOEs and continue to promote the establishment of a new pattern of "two-way opening" in the financial markets of Mainland China and Hong Kong, better aiding the construction of China's modern capital market with Chinese characteristics.