Core Viewpoint - The strategic cooperation agreement between Huatai Asset Management Hong Kong and Korea Investment Management aims to enhance the ETF market in Hong Kong, facilitating cross-border investment opportunities and reinforcing Hong Kong's position as a global financial hub [1][2]. Group 1: Strategic Cooperation - Huatai Hong Kong will serve as the core platform for launching various ETF products, with KIM acting as a strategic partner throughout the product lifecycle, from design to market promotion and portfolio management [1][2]. - The collaboration is expected to create richer overseas asset allocation channels for mainland Chinese investors and build a bridge for foreign capital entering the mainland market [1]. Group 2: Market Impact - The partnership aligns with China's 14th Five-Year Plan, which emphasizes enhancing Hong Kong's international financial center status and supporting its development as an international innovation and technology hub [1]. - This cooperation will contribute to increasing product diversity and international influence in the Hong Kong market, further solidifying its role as a key node in global asset allocation [1]. Group 3: Company Profiles - Huatai is recognized as a leading comprehensive asset management company in China, with a strong foundation in active equity, passive investment, and fixed income, managing assets worth 1.4 trillion RMB as of September [2]. - KIM, one of South Korea's top three ETF management firms, has a significant market presence with an asset management scale of 400 billion RMB as of November 11, focusing on opportunities in AI, digital economy, and smart industry [3]. Group 4: International Expansion - Huatai has been actively promoting international business development through its subsidiaries in Hong Kong, the U.S., and Singapore, covering various overseas markets in Asia-Pacific, the Americas, Europe, and the Middle East [3]. - The ongoing financial opening and the gradual improvement of the ETF interconnectivity mechanism have led Huatai to collaborate with several leading overseas asset management institutions, developing ETF products linked to long-term viable indices in various international markets [3].

Core Viewpoint - The "Southbound ETF Connect" is expanding with the addition of 6 new ETFs, increasing the total from 17 to 23, effective from November 10, 2023, enhancing product diversity and including non-Hong Kong stock assets for the first time [1][2][3]. Group 1: Expansion Details - The new ETFs added include 工银南方中国, 南方恒生生科, 招商恒生科技, 南方港股通, 南方东西精选, and 南方港美科技, which will broaden the investment options available to investors [2]. - The 南方东西精选 ETF includes high-dividend stocks listed on the Hong Kong Stock Exchange and top U.S. large-cap stocks based on free cash flow yield [2]. - The 南方港美科技 ETF tracks top technology companies in both Hong Kong and the U.S., including major players like Alphabet, Amazon, and Apple [2]. Group 2: Market Impact - Since the launch of the ETF Connect in July 2022, the average daily trading volume for the Southbound ETF Connect has exceeded 4.2 billion HKD, with a year-on-year increase of 128% [3]. - The expansion is expected to enhance product selection for investors, facilitating more efficient asset diversification in Hong Kong [3][4]. - The Southbound ETF Connect offers advantages such as longer trading hours, T+0 trading, and lower premium rates due to a mature market-making system [4]. Group 3: Future Outlook - The inclusion of U.S. stock assets in the ETFs allows investors to access global core assets with lower barriers, promoting risk diversification and encouraging product innovation [5]. - The Southbound ETF Connect is anticipated to continue growing in terms of product quantity and structure as cross-border investment opportunities expand [4].

Core Insights - The "Southbound ETF Connect" is expanding, with 6 new products being added to the list, increasing the total from 17 to 23 [1][7] - The total number of products under the "ETF Connect" will rise from 265 to 271 [1] Group 1: Expansion Details - The new ETFs will officially be included in the Southbound ETF Connect starting November 10 [2] - The newly added ETFs include products from two institutions: Southern Asset Management and China Merchants Securities Asset Management [7] - The new ETFs cover a diverse range of asset classes, including those that are not solely Hong Kong stocks, marking a significant development in the product offerings [7][8] Group 2: Market Performance - The average daily trading volume of the Southbound ETF Connect has exceeded 4.2 billion HKD, reflecting a year-on-year increase of 128% [9][10] - The Southern Asset Management's Hang Seng Technology Index ETF has a market share of 90% among all Southbound ETFs, indicating its popularity and strong capital attraction [10] Group 3: Advantages of Southbound ETF Connect - The Southbound ETF Connect offers significant advantages, such as longer trading hours, T+0 trading support, and a lack of price limits, enhancing capital efficiency for investors [10] - The program utilizes the Hong Kong Stock Connect quota, which is relatively ample, and benefits from a mature market-making system that keeps premium rates low [10]

Core Viewpoint - The "Southbound ETF Connect" is expanding, with 6 new products being added, increasing the total from 17 to 23 ETFs, enhancing investment options for investors in the Hong Kong and mainland markets [2][4][8]. Group 1: Expansion Details - On October 31, the Shanghai and Shenzhen Stock Exchanges announced the adjustment list for the "Southbound ETF Connect," effective from November 10 [2][4]. - The total number of ETFs under the "ETF Connect" will increase from 265 to 271 [2]. - The newly added ETFs include products from two institutions, with five from Southern Eastern and one from China Merchants Securities Asset Management [8][11]. Group 2: New Products Overview - The new ETFs include: - 工银南方中国 (ICBCCSOPCHINA) - 南方恒生生科 (CSOP HSBIOTECH) - 招商恒生科技 (CMS HS TECH) - 南方港股通 (CSOP HKCNCON) - 南方东西精选 (CSOP EWSELECT) - 南方港美科技 (CSOP HKUSTECH) [6][7]. - Notably, the Southern Eastern FTSE East-West Select ETF and Southern Eastern Hang Seng US Technology ETF include non-Hong Kong assets for the first time [8]. Group 3: Market Performance - The average daily trading volume of the "Southbound ETF Connect" exceeded HKD 4.2 billion, marking a year-on-year increase of 128% [9][10]. - Since the launch of the "ETF Connect" in July 2022, trading activity has been robust, with the investment scope expanding to include eligible ETFs [10]. Group 4: Advantages of Southbound ETF Connect - The Southbound ETF Connect offers significant advantages, including longer trading hours, T+0 trading support, and a mature market-making system that results in lower premium rates [11]. - The ongoing deepening of the mutual market access is expected to provide substantial growth opportunities for the number and structure of ETFs in the future [11].

Core Viewpoint - Major Chinese public funds are launching QDII products tracking Brazilian market indices, indicating a growing interest in the South American market due to strong economic ties and investment opportunities [1][2]. Group 1: QDII Products and Market Performance - Two new QDII ETFs, 华夏布拉德斯科巴西伊博维斯帕ETF and 易方达伊塔乌巴西IBOVESPAETF, have been submitted for approval, tracking the Ibovespa index, which reflects the overall performance of the Brazilian stock market [2][3]. - The Ibovespa index has seen a significant increase, rising approximately 18% this year and reaching a historical high of 147,578.39 points on September 30 [4]. Group 2: Strategic Partnerships and Market Expansion - 华夏基金 and 汇添富基金 are collaborating with Bradesco, a major Brazilian asset management company, while 易方达基金 partners with Itaú Asset Management, enhancing their presence in the South American market [3][8]. - Chinese public funds are also exploring opportunities in other South American countries like Chile, leveraging local partnerships to expand their influence and recognition in the region [1][8]. Group 3: Trade Relations and Economic Impact - In 2024, the bilateral trade volume between China and Brazil is projected to reach $188.1 billion, with China being Brazil's largest trading partner for 16 consecutive years [6]. - Brazilian agricultural exports, including beef, corn, soybeans, and coffee, are experiencing strong growth in the Chinese market, further solidifying economic ties [4][6]. Group 4: Future Investment Plans - Companies like 蜜雪冰城 and 瑞幸咖啡 are planning significant investments in Brazil, with 蜜雪冰城 committing to invest at least 4 billion RMB in agricultural procurement over the next 3-5 years [4][5]. - 瑞幸咖啡 aims to purchase a total of 240,000 tons of coffee beans from Brazil between 2025 and 2029, valued at 10 billion RMB [5].

Core Viewpoint - The Hong Kong stock market has seen a significant increase in trading activity, particularly in southbound trading and ETFs, indicating a growing interest from mainland investors and a return of overseas long-term capital [1][2][3]. Group 1: Trading Activity - Southbound trading has reached an average daily volume of 1.2 billion HKD, a year-on-year increase of approximately 2.4 times [3]. - The average daily trading volume of ETFs has hit a record high of 9.1 billion HKD since the launch of the mutual market access [3]. Group 2: Investor Interest - There is a rising interest from mainland investors in Hong Kong stocks, with overseas long-term capital, particularly from the Middle East, Europe, and Asia-Pacific, also returning [2][3]. - The narrowing price gap between A-shares and H-shares reflects increased confidence from overseas investors in quality Chinese assets [3]. Group 3: ETF Development - The Hang Seng Technology Index has seen the launch of 29 ETFs over five years, with an asset management scale (AUM) of 37.3 billion USD, and 10 of these products are available for mainland investors, contributing 14.2 billion USD to the AUM [4]. - The Hang Seng Index Company is introducing cross-market products to meet the diverse needs of mainland investors, including indices that cover both Hong Kong and US stocks [4]. Group 4: Market Optimization - The Hong Kong Stock Exchange is implementing several optimization measures, such as expanding the range of ETF mutual market access targets and researching the possibility of shortening the settlement cycle to T+1 [3]. - There is a call for more ETFs to be included in mutual market access and for a reduction in management fees to enhance liquidity and attract more long-term capital [5].

Core Insights - The article highlights the expansion of the ETF Connect program, marking its third anniversary, with the addition of HuaBao Fund's A50ETF to the list of eligible ETFs for cross-border trading [1][2] - HuaBao Fund has a total of 12 ETFs included in the ETF Connect program, with its equity ETFs surpassing 100 billion yuan in total assets by July 2023 [1][11] - The A50ETF is a key broad-based ETF that tracks the CSI A50 Index, which selects the 50 largest stocks from various sectors, providing investors with access to core A-share assets [2][11] ETF Products Overview - The A50ETF HuaBao (159596) is a significant addition to the ETF Connect list, alongside other major ETFs such as the CSI A100 ETF (562000) and the Innovation Leaders ETF (588330) [2][3] - The CSI A100 ETF is the largest in its category, with a scale of 16.58 billion yuan, and is also included in the personal pension investment product directory [11] - The Innovation Leaders ETF focuses on top technology stocks, tracking the CSI Sci-Tech Innovation 50 Index, which includes leading companies from the Sci-Tech and ChiNext boards [2][3] Additional ETFs in the Connect Program - Other notable ETFs from HuaBao Fund include the Financial Technology ETF (159851), which has a scale exceeding 8.29 billion yuan, and the high-dividend Standard & Poor's Dividend ETF (562060) [3][11] - The Medical ETF (512170) and the Broker ETF (512000) are also among the largest in their respective categories, with scales of 26.5 billion yuan and 24.63 billion yuan, respectively [11] - The Electronic ETF (515260) tracks the CSI Electronic 50 Index, benefiting from the growth in AI and semiconductor sectors, while the National Defense and Military Industry ETF (512810) is gaining interest due to rising national security concerns [3][4] Market Trends and Investor Sentiment - The Technology ETF (515000) and Food ETF (515710) are gaining traction, with the latter focusing on the food and beverage industry, reflecting consumer recovery expectations [4][11] - The overall performance of HuaBao Fund's ETFs is expected to improve as market conditions become more favorable, particularly in the context of rising A-share market interest [4][11]

Group 1 - The launch of the Omin E Fund ChiNext ETF on the Singapore Exchange marks an expansion of the China-Singapore ETF mutual access program, providing overseas investors with a convenient tool to invest in China's ChiNext market [1][3] - The ChiNext Index, which the ETF tracks, is a significant benchmark in the A-share market, representing innovative and entrepreneurial companies, with over 90% of its weight in strategic emerging industries such as new generation information technology, new energy vehicles, and biomedicine [1][2] - The ChiNext Index has shown strong fundamental growth, with a compound annual growth rate of 21% in revenue and 14% in net profit since 2021 [1] Group 2 - E Fund's Vice President highlighted that China, as the world's second-largest economy, is steadily advancing financial market openness, making its market an essential part of global asset allocation [2] - The Omin E Fund ChiNext ETF is the second cross-border ETF resulting from the collaboration between Omin Asset Management and E Fund, symbolizing their deepening partnership and joint efforts in international market expansion [2] - The Shenzhen Stock Exchange plans to continue expanding high-level openness and optimize mutual access product mechanisms to attract more long-term foreign capital into the Chinese market [2][3]

Core Viewpoint - The launch of the Omnifund Easyway ChiNext ETF on the Singapore Exchange marks a significant step in the cross-border investment landscape, providing international investors with easier access to China's ChiNext market, which focuses on innovative and emerging industries [1][2]. Group 1: ETF Launch and Market Access - The Omnifund Easyway ChiNext ETF is the fourth Chinese asset ETF listed on the Singapore Exchange since the establishment of the Shenzhen-Singapore ETF mutual access program in 2022 [1]. - A total of 10 ChiNext-related ETFs have now been listed on various overseas exchanges, achieving comprehensive coverage across major economies in Asia, Europe, North America, and South America [1]. - The ETF tracks the ChiNext Index, which represents a significant benchmark for China's A-share market, with over 90% of its weight in strategic emerging industries [1]. Group 2: Industry Growth and Investment Opportunities - The ChiNext Index includes leading companies in sectors such as new generation information technology, new energy vehicles, and biotechnology, featuring firms like CATL, Huichuan Technology, and Mindray Medical [1]. - Since 2021, the index's constituent stocks have shown strong fundamental growth, with compound annual growth rates of 21% in revenue and 14% in net profit [1]. - The ChiNext market is characterized by high market vitality and elasticity, making it a frontline area for emerging industries, with significant long-term investment value [3]. Group 3: Future Developments and Strategic Goals - The mutual access mechanism for ETFs between China and Singapore is expected to continue expanding, with plans for more diversified cross-border investment tools [2][3]. - The Shenzhen Stock Exchange aims to attract more long-term foreign capital to invest in the Chinese market, enhancing its international influence [3].

Core Viewpoint - The launch of the Itaú E Fund MSCI China A50 Interconnection ETF in Brazil marks a significant advancement in the ETF interconnection between China and Brazil, enhancing cross-border investment opportunities and cooperation between the two countries' capital markets [1][2][4]. Group 1: ETF Launch and Features - The Itaú E Fund MSCI China A50 Interconnection ETF, listed on the Brazilian Securities and Futures Exchange, tracks the Easy Fund MSCI China A50 Interconnection ETF, providing Brazilian investors with a convenient tool to access Chinese market opportunities [2][3]. - The MSCI China A50 Interconnection Index focuses on leading A-share companies in China, reflecting the performance of the 50 most representative listed companies across various industries [2][3]. - The index is constructed by selecting two stocks from each of the 11 GICS primary sectors based on free float-adjusted market capitalization, ensuring a diversified exposure to different sectors of the Chinese economy [2][3]. Group 2: Broader Context of ETF Interconnection - The interconnection of ETFs between China and Brazil is part of a broader trend where the China Securities Regulatory Commission has facilitated ETF interconnections with various regions, including Japan, Hong Kong, and Southeast Asia, enhancing cross-border investment [5][6]. - The Brazilian capital market is the largest in Latin America and the fifth-largest emerging market globally, making the introduction of investment products linked to Chinese assets significant for increasing the visibility and influence of Chinese assets worldwide [4][5]. - The expansion of cross-border ETF interconnections is expected to play a crucial role in connecting global capital markets, providing a convenient investment channel for domestic investors to access overseas markets [6][7].