Core Viewpoint - Six ETFs listed in Hong Kong have been included in the "Southbound ETF Connect" starting November 10, enhancing cross-border investment opportunities for investors in mainland China and Hong Kong [1][4]. Group 1: ETF Inclusion Details - The six ETFs added to the Southbound ETF Connect are: ICBC Southbound China (03167), Southern Hang Seng Biotechnology (03174), CMB Hang Seng Technology (03423), Southern Hong Kong Stock Connect (03432), Southern East-West Select (03441), and Southern Hong Kong-US Technology (03442) [2][1]. - This adjustment expands the Southbound ETF Connect list from 17 to 23 ETFs [4]. Group 2: Market Performance and Trends - Since the launch of the ETF inclusion in the interconnection mechanism between mainland and Hong Kong stock markets in July 2022, the trading has been stable and orderly, with increasing trading volumes [4]. - In the first three quarters of 2025, the average daily trading amount for Southbound trading ETFs reached HKD 4.2 billion, with a record monthly high of HKD 9.1 billion in August 2025 [4]. - For the same period, the average daily trading amount for Northbound trading ETFs was RMB 3.2 billion [4].

Core Viewpoint - The Hong Kong Securities and Futures Commission (SFC) Chairman highlighted the significant growth of asset management in Hong Kong, particularly the performance of Chinese-funded asset management firms, which have shown a remarkable increase in assets under management. Group 1: Asset Management Growth - As of the end of last year, the total assets under management in Hong Kong reached HKD 35.1 trillion, representing a year-on-year growth of 13% [1] - Chinese-funded asset management firms experienced a 15% increase in assets under management, totaling HKD 3.08 trillion, outperforming the industry average for five consecutive years [1] Group 2: Market Position and Opportunities - Despite the growth, Chinese-funded asset management firms only account for 9% of the Hong Kong fund market, which presents significant room for improvement compared to mainland enterprises that represent 80% of the market capitalization of Hong Kong stocks [1] - The SFC encourages Chinese asset management institutions to innovate and diversify their development, aiming to expand their investor base and enhance global asset allocation capabilities [1] Group 3: Strategic Initiatives - In recent years, the Chinese asset management industry has actively responded to the SFC's strategic initiatives, launching the first virtual asset spot ETFs and tokenized retail money market funds in Asia, which injects strong momentum into industry innovation [1] - The SFC emphasizes the importance of leveraging market connectivity mechanisms such as fund recognition arrangements, ETF Connect, and the Greater Bay Area cross-border wealth management scheme 2.0 to seize strategic opportunities [1]