跨境投资

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视频丨跨境ETF:香港市场跨境ETF(下)
2 1 Shi Ji Jing Ji Bao Dao· 2025-04-29 10:26
Group 1: Cross-Border ETF Market in Hong Kong - The cross-border ETF market in Hong Kong accounts for nearly 70% of the total, making it the preferred destination for mainland investors [2] - The total scale of cross-border ETFs tracking internet technology indices exceeds 10 billion yuan, with four ETFs collectively managing over 200 billion yuan [3][5] - The Hang Seng Technology Index ETF has a management scale exceeding 770 billion yuan, ranking second only to the Nasdaq 100 index among all cross-border indices [3] Group 2: Internet Technology ETFs - The four ETFs tracking internet technology indices include major companies like Alibaba, Tencent, and Meituan, with varying weight distributions across sectors [5][6] - The top three sectors for the Hang Seng Technology Index are non-essential consumer (52.8%), information technology (41.8%), and healthcare (2.6%) [4] - The largest single ETF tracking the Hong Kong Internet ETF exceeds 410 billion yuan [5][6] Group 3: Healthcare ETFs - The healthcare sector in Hong Kong accounts for nearly 36% of the total market capitalization, with four ETFs tracking healthcare indices exceeding 10 billion yuan [6][8] - The Hang Seng Healthcare Index ETF has a management scale exceeding 150 billion yuan, making it the largest among healthcare ETFs [8] - The top three sectors for the Hang Seng Healthcare Index are biotechnology (45.7%), pharmaceuticals (29.7%), and pharmaceutical distribution (13.2%) [7][10] Group 4: Dividend ETFs - In a volatile equity market with low interest rates, the demand for stable returns has increased, highlighting the investment value of dividend assets [9] - Various dividend-focused ETFs are available, with some tracking indices like the Hang Seng Low Volatility Dividend Index and the National Enterprise Dividend Index [11]
视频丨跨境ETF:香港市场跨境ETF(上)
2 1 Shi Ji Jing Ji Bao Dao· 2025-04-29 10:26
0:00 上期视频我们了解了什么是跨境ETF,本期视频我们来聊聊细分市场的跨境ETF都有哪些。 (Wind)数据显示,截至2025年3月3日,跨境ETF规模合计近4700亿(元),其中投资于香港市场、美 国市场的ETF规模分别约为3200亿(元)、1300亿(元),规模占比分别为68%、28%。 可以说啊,在众多投资目的地中,ETF规模占比近70%的香港市场成为了内地投资者跨境投资的首选之 地。 事实上,近年来香港市场的行业结构也在悄然发生变化,传统的金融地产板块依然稳健,但新经济领域 的崛起为市场注入了新的活力。 从互联网科技到医疗健康,从新能源到高端制造,越来越多代表中国经济转型方向的优质企业在港股上 市。 跟踪的ETF看,目前有4只跨境ETF跟踪恒生指数,合计管理规模236亿(元),其中规模最大的一只 ETF规模近180亿(元)。 这种结构性的改善,不仅提升了市场的投资吸引力,也为投资者提供了更丰富的配置选择。 那么,投资于港股市场的跨境ETF中,都跟踪哪些核心指数呢? 从规模上看,这些跨境ETF跟踪的指数主要可以分为宽基、互联网科技、医药、红利、高股息等指数。 本期视频我们先来了解下跟踪的ETF规模大 ...
投资额小幅回升至470亿美元!中国私募股权市场步入转型下半场?
Zheng Quan Shi Bao Wang· 2025-04-23 13:20
Core Insights - The report by Bain & Company indicates a slight recovery in China's private equity investment, with total transaction value reaching $47 billion in 2024, a 7% increase from the previous year after two consecutive years of decline [1] Group 1: Market Trends - China's private equity market is entering a transformative phase, shifting from early-stage and small investments to controlling investments, with a focus on cross-border and platform mergers and acquisitions [1][2] - Controlling transactions have seen a significant increase, accounting for 29% of total investment transactions, marking a historical high [2] - The investment strategies of USD funds and RMB funds differ significantly, with USD funds focusing on controlling mergers and acquisitions in traditional sectors, while RMB funds are active in strategic industries like semiconductors and new energy vehicles [2] Group 2: Investment Strategies - Private equity funds are exploring cross-border and platform investments, leveraging local market understanding and resources to support global companies in China [3] - Platform mergers and acquisitions are becoming more common, particularly in the enterprise service sector, with a focus on acquiring undervalued targets and achieving operational synergies [3] Group 3: Fundraising Dynamics - Fundraising for private equity remains low, increasingly concentrated among top-tier funds, with the top 25% of funds capturing a significant share of total capital raised [4] - The share of capital raised by the top ten private equity firms has increased from approximately 30% in 2020 to about 70% in 2024 [4][5] - Challenges in fundraising are significant, with the next potential fundraising window possibly not opening until 2026-2029 [5]
12家中东LP到场,首届中阿投资峰会圆满落幕
母基金研究中心· 2025-04-14 03:23
当地时间 2 0 2 5年4月9日下午, 首届中阿投资峰会在阿联酋阿布扎比成功举办 。本届峰会是中 国与中东地区等国际 LP的多边对话,致力于更好地协助中国GP把项目"走出去"以及将外 资"引进来";8 0余位中国、中东等地区母基金与基金行业的重量级人物共聚一堂,共话全球投 资,共商投资合作。本届峰会由全球母基金协会主办,母基金研究中心(www. c h i n a - f o f. c om,下同)承办。 On t h e a ft e r n o o n o f Ap ril 9 , 2 0 2 5 , l o c a l time , t h e first Ch i n a -Ar a b I n v e stme n t Summit wa s s u c c e ssf u ll y h e l d i n Ab u Dh a b i, UAE. Th is s ummit s e r v e s a s a mu ltil a t e r a l d i a l o g u e b e twe e n Ch i n a a n d i n t e r n a ti o n a l LPs fr ...
突破QDII瓶颈:全球化配置的进阶路径
Morningstar晨星· 2025-03-06 00:51
最近,不少投资者都有这样的疑问: "QDII又双叒限购了,想买点海外基金这么难吗?" 在波动成为常态的全球市场中,如何突破工具限制,构建真正具备韧性的资产配置框架,成为 越来越多投资者关心的问题。 往期推荐 免责条款:©【2025】 Morningstar 保留所有权。此处提供的信息、数据、分析和观点不构成投资建议;截至撰写日期, 仅供参考;可随时更改,恕不另行通知。本内容并非买卖任何特定证券的要约,也不保证其正确性、完整性或准确性。 过往表现不保证未来结果。Morningstar 名称和标识是 Morningstar, Inc.的注册商标。这里的内容包含 Morningstar 的专 有资料;未经Morningstar 事先书面同意,不得以任何方式复制、转载或以其他方式使用本文章的全部或部分内容,在社 全球资产配置的核心价值,在于通过地域与资产类别的双重分散,优化投资组合的长期 风险收益比。 当境内市场经历阶段性调整时,海外成熟市场的权益资产可能正处于估值 修复周期;当本币汇率波动时,持有其他币种计价的资产可以有助于对冲风险。在QDII 额度受限的情况下,投资者需要将视野投向更广阔的跨境投资工具箱。 目前, ...
突破QDII瓶颈:全球化配置的进阶路径
Morningstar晨星· 2025-03-06 00:51
想进一步了解如何借助晨星的数据与工具优化跨境投资策略? 欢迎扫码或点击文末 " 阅读原 文 " 获取更多信息: 往期推荐 免责条款:©【2025】 Morningstar 保留所有权。此处提供的信息、数据、分析和观点不构成投资建议;截至撰写日期, 仅供参考;可随时更改,恕不另行通知。本内容并非买卖任何特定证券的要约,也不保证其正确性、完整性或准确性。 过往表现不保证未来结果。Morningstar 名称和标识是 Morningstar, Inc.的注册商标。这里的内容包含 Morningstar 的专 有资料;未经Morningstar 事先书面同意,不得以任何方式复制、转载或以其他方式使用本文章的全部或部分内容,在社 目前,两类机制为境内投资者提供了可行路径:一是,运作近十年的 内地与香港互认基金 机 制,通过严格筛选的40余只香港注册基金,为投资者提供直达亚太市场的配置工具;二是,依 托粤港澳大湾区政策创新的 跨境理财通 ,不仅将个人投资额度提升至300万元,更涵盖超过 2000只(不同份额合并计算)涵盖股债的多品类产品,显著拓宽了资产选择半径。 对于具备大湾区户籍或社保条件的投资者来说,跨境理财通"南向 ...