Group 1 - The Hong Kong ETF market has seen significant growth, with the Southern Eastern Hong Kong Hang Seng Technology Index ETF reaching 10.219 billion shares, making it the first ETF in Hong Kong to exceed 10 billion shares issued [1][2] - The popularity of ETFs among mainland Chinese investors has increased, driven by the "Northbound capital" flow, making ETFs a favored tool for investment in the Hong Kong market [2][3] - Various ETFs and leveraged products have surpassed 1 billion shares, including the Yingfu Fund at 6.138 billion shares and the Southern Eastern Hang Seng Technology Index Daily Inverse (-2x) product at 3.541 billion shares [2] Group 2 - Hong Kong is actively introducing high-quality products from other markets, such as the Hang Seng Morgan U.S. Equity High Income Active ETF, which is the first actively managed ETF focused on U.S. stock income in Hong Kong [3] - The demand for defensive investments has increased due to economic uncertainties, prompting the launch of more diversified investment options like high-yield U.S. dollar assets [3] - Analysts predict a continued bullish trend in the Hong Kong stock market, supported by strong liquidity and potential interest rate cuts by the Federal Reserve [3][4] Group 3 - The Asia-Pacific ETF market is rapidly developing, with China expected to surpass Japan as the largest ETF market in the region by the end of the year [6] - As of mid-August 2025, the number of stock ETFs in mainland China reached 1,173, with a total scale of 3.87 trillion yuan [6] - The Hong Kong market has seen the launch of its first ETF exceeding 10 billion shares, while over 40 stock ETFs in mainland China have also surpassed this threshold [6] Group 4 - The overall market conditions are favorable for ETF growth, with domestic policies supporting capital markets and a stable economic recovery [7] - The Japanese ETF market has shown resilience and growth, with total assets under management increasing by 13.2% from the previous year [7] - In Taiwan, the active ETF market is expanding rapidly, with several issuers launching new products this year [7] Group 5 - Global ETF development is characterized by three major trends: the expansion of actively managed ETFs, the introduction of digital asset strategies, and regulatory changes encouraging ETF adoption [8] - There are currently 68 investment managers applying to launch actively managed ETFs in the U.S., indicating strong interest in this segment [8] - The Bitcoin ETF by BlackRock has attracted significant investment, with its latest scale exceeding 80 billion dollars [8]

Group 1 - The Hong Kong market has achieved a historic milestone with the first ETF surpassing 10 billion shares, specifically the Southern Eastern's Hang Seng Tech Index ETF, which reached 10.219 billion shares [2] - The overall Hong Kong ETF market has developed a comprehensive ecosystem, with various leveraged and inverse ETFs gaining popularity among investors [3] - The growth of Hong Kong ETFs has been significantly driven by "northbound" capital inflows from mainland investors, making ETFs a favored tool for investment in the Hong Kong market [4] Group 2 - As of August 15, multiple ETFs and leveraged products in Hong Kong have exceeded 1 billion shares, including the Tracker Fund of Hong Kong with 6.138 billion shares and the Southern Eastern Hang Seng Tech Index Daily Inverse (-2x) product with 3.541 billion shares [4] - The Hong Kong ETF market is characterized by a diverse range of products, including leveraged, inverse, and actively managed ETFs, which have shown strong growth in recent years [4] - The introduction of high-yield U.S. stock-themed actively managed ETFs, such as the Hang Seng Morgan U.S. High Income Active ETF, reflects the demand for defensive investments amid economic uncertainties [5] Group 3 - The bullish performance of the Hong Kong stock market is expected to continue, providing direct support for ETF development, with predictions of further capital inflows from both mainland and overseas investors [6] - Notable sectors in the Hong Kong market include semiconductors and new consumption concepts, which have performed well this year, suggesting potential investment opportunities in related ETFs [6] - The overall sentiment regarding the Hong Kong market remains optimistic, with expectations of sustained growth driven by liquidity and favorable economic conditions [10] Group 4 - The Asia-Pacific region is witnessing rapid growth in the ETF market, with China projected to surpass Japan as the largest ETF market in the region by the end of the year [8][9] - As of August 14, the number of stock ETFs in mainland China reached 1,173, with a total scale of 3.87 trillion yuan, indicating a fast-paced development in the ETF sector [9] - The global ETF market is experiencing strong trends, including the expansion of actively managed ETFs and the introduction of digital asset strategies, which are expected to maintain robust growth [11]

7月7日，据香港联交所公告，恒生摩根美国股票高入息主动型ETF(股份代号：03476)("恒生投资基金系 列IV")的单位("单位")将会在2025年7月9日被纳入成为中央结算系统合资格证券，及于当日开始在香港 联合交易所有限公司("联交所")上市及买卖。每手恒生投资基金系列IV的交易数量为500个单位。 此外，与其他合资格证券相同，单位的交易所买卖交易将通过中央结算系统进行结算。除非由买卖双方 经纪或结算公司将该等交易自持续净额交收制度划分出来以逐项交收("TFT")方式进行交收，否则买卖 交易将自动以持续净额交收("CNS")制度进行交收。单位将以港元交易及交收，并按T+2日交收制度进 行交收。 香港联交所提到，所有单位是以无股票证书形式发行。因此，结算公司将不会为单位提供实物提存服 务，而有关实物证券提存服务的香港结算一般规则亦不适用。此外，单位可因以下情况而在参与者股份 户口内记存和记除：(a)恒生投资基金系列IV基金经理所接纳的增设及赎回单位，(b)于联交所交易后的 单位的结算及交收，(c)中央结算为中央结算系统参与者提供的任何其他有关单位的中央结算系统服 务。 单位的法定所有权方面，存放在中央结算 ...