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 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 Insights - The "Southbound ETF Connect" has announced an expansion, increasing the number of ETFs from 17 to 23, effective from November 10, 2025 [1] Group 1: Expansion Details - The latest expansion includes the addition of 6 new ETFs [1] - The asset categories under the Southbound ETF Connect will become more diverse, including ETFs that contain non-Hong Kong assets for the first time [1] Group 2: Product Offerings - New ETFs include the Southern Eastern FTSE East-West Stock Selection ETF and the Southern Eastern Hang Seng Hong Kong-US Technology ETF, enhancing product choices for investors [1] - This expansion allows investors to diversify their assets in Hong Kong more efficiently [1]