OCH 何前 近年来,中国公募基金行业坚持高水平对外 开放,稳步推进互联互通 ETF 扩容、赴境外市域 離脫基金产品, 設立機外子公司等。南方东英, 經 布基金等多家族会公司积极拓展-南端，为第一次第一次第一次 外投资者章编投资中国资产。 机构建筑油材 级市场投资 三层面积等汇 位号边人士表示 持续推动互质互通 摩根士丹利投资管理大中华区主管黄敏表示，中国的股票市场和固定收益市场蓬勃发展，已成为全球第二大资本市 场，"我们坚持'全球智慧，全心为你'的品牌理念，继续协同摩根士丹利全球优质资源，助力国内外投资者把握中国市场的 投资机遇，捕捉中国科技创新产业的成长机会"。 最,获得慰心竞企长期投资。 多家境外机构投资者表示，中国留产自上亚 伯的共识正在不断强化，他们对中国市场有着效 厚兴籍, 未来会不断加同投资中国优质资产, 粗极拓展朋友圈 今年以来,关证全球基金,周方达基金等基金 公园和极"出物",就享新进拓展都外市场,目前 日有南方益会 . 印量基金 .博H基金等 20 会家公 泰基金设立了超 3D 家境外子公司。其中 , 网方共 英 BTF 产品休系完善, 博时基金 ( 国际 ) 创新业 好突出,搭建"中国资 ...

Core Viewpoint - Southern Eastern Asset Management has established a significant presence in global capital markets, focusing on connecting Chinese assets with international investors, particularly in emerging markets like Southeast Asia and the Middle East [1][5]. Group 1: Company Overview - Southern Eastern Asset Management was founded in Hong Kong in 2008 and has expanded its operations to Singapore and other regions over 17 years [1]. - As of the end of 2024, the company manages approximately $20 billion in assets and has launched 45 ETF products and 3 mutual funds in Hong Kong and Singapore [1]. - The company has listed the first Hong Kong stock ETF on the Saudi Arabian exchange, with an asset size nearing $1.4 billion [1]. Group 2: Financial Innovation and Product Development - Since launching the mutual ETF project in 2020, the company has intensified its financial innovation efforts, focusing on cross-border products [2]. - Southern Eastern Asset Management has participated in various ETF mutual recognition projects, successfully introducing Chinese-themed products to global markets, which have been well-received by institutional investors in Southeast Asia and the Middle East [2][3]. - The company aims to enhance its cross-border investment product system, facilitating the flow of capital between domestic and international markets [3]. Group 3: Investment Trends and Market Position - There is a growing interest among global investors in Chinese technology assets, with Southern Eastern's Hang Seng Technology ETF becoming a key investment vehicle [4]. - As of September 24, 2024, the Hang Seng Technology ETF had a size of HKD 30.68 billion, and by August 11, 2025, it surpassed HKD 53.68 billion, ranking first in Hong Kong's ETF market [4]. - The company is focusing on the demand from Middle Eastern investors for customized products that combine Chinese technology with local industry advantages [5]. Group 4: Strategic Goals and Future Plans - Southern Eastern Asset Management is committed to the core strategy of "Chinese assets, global allocation," aiming to innovate products and enhance service capabilities [6]. - The company plans to develop more thematic products focusing on emerging sectors like technology and green economy, leveraging policies like ETF mutual recognition [6]. - Future initiatives include collaborating with Middle Eastern sovereign funds and exploring the issuance of RMB-denominated products in Southeast Asia and the Middle East to support the internationalization of the RMB [6].

Core Viewpoint - Despite recent adjustments in the Hong Kong stock market, several ETFs have seen increased investments as investors take advantage of the situation to accumulate positions [1][5]. Group 1: Market Performance - Since early 2025, the Hong Kong stock market has experienced a strong performance, with the Hang Seng Index rising over 30% and the Hang Seng Tech Index increasing by more than 40% from January 14 to March 19 [3]. - However, from March 20 onwards, the Hang Seng Index has declined nearly 6%, and the Hang Seng Tech Index has dropped nearly 9% due to profit-taking and external factors such as potential tariff issues [3][4]. Group 2: ETF Inflows - Several ETFs tracking the Hong Kong market, including the Southern Eastern Hang Seng Tech ETF and the Amundi Hang Seng Tech ETF, have seen significant increases in their fund shares during the recent market adjustments [1][6]. - For instance, the Amundi Hang Seng Tech ETF's shares increased from 12.40 billion to 17.30 billion in just four trading days, reflecting a rise of 4.9 billion shares [6][8]. - Similarly, the Southern Eastern Hang Seng Tech ETF's shares rose from 76.83 billion to 78.28 billion, an increase of 1.45 billion shares over the same period [10]. Group 3: Sector Analysis - Year-to-date, the net inflow of southbound funds into the Hong Kong stock market has been robust, with significant investments in non-essential consumer goods (1.151 billion HKD), information technology (972 million HKD), and financials (749 million HKD) [4]. - The market's focus has been primarily on technology stocks, with sectors such as the internet, semiconductors, and AI showing particularly strong performance [4]. Group 4: Future Outlook - Analysts believe that the underlying logic for the rise in the Hong Kong stock market remains intact, with expectations of continued growth in quality growth stocks and a favorable macroeconomic environment [16]. - The overall valuation of the Hong Kong market is currently near historical averages, suggesting that there is still potential for upward movement as economic conditions improve and liquidity remains favorable [16].