Core Viewpoint - The launch of the Galaxy Bosera MSCI China-ASEAN Economic Connectivity Index ETF marks the first ETF in Hong Kong focused on the economic integration between China and ASEAN, providing investors with a tool to capitalize on the long-term benefits of this economic synergy [1][3]. Group 1: ETF Overview - The ETF tracks the MSCI China-ASEAN Economic Connectivity Index and employs an innovative "economic exposure factor" screening mechanism, focusing on high-quality listed companies with substantial business linkages and revenue contributions in both markets [2][3]. - The product allows for trading in Hong Kong dollars, US dollars, and Renminbi, offering a convenient asset allocation tool for investors [2][3]. Group 2: Market Trends - The launch coincides with a golden period for ASEAN's economic development and the increasing economic integration between China and ASEAN, driven by multiple macro trends [5]. - ASEAN is emerging as a core growth engine in the new markets, maintaining dual growth in economy and manufacturing amidst global uncertainties, supported by a young population and low unemployment rates [5]. - The deepening economic ties between China and ASEAN are creating a resonance of economic cooperation and industrial transfer benefits, enhancing regional supply chain integration [5]. Group 3: Valuation Insights - Current valuations of Hong Kong and ASEAN equity assets are relatively low, presenting attractive investment opportunities compared to other regions and historical benchmarks [6]. Group 4: Strategic Collaboration - The ETF is a product of collaboration between China Galaxy International Asset Management and Bosera Fund, leveraging their strengths in global asset allocation and market resources to create a robust investment vehicle [7]. - The partnership aims to serve as a model for financial institutions in facilitating regional economic integration and providing diverse asset allocation solutions under the Belt and Road Initiative [7][9]. Group 5: National Strategy Alignment - The ETF's introduction signifies a key step for China Galaxy Securities in innovating cross-border financial products and aligning with national strategies [8]. - China Galaxy Securities has established a strong presence in the ASEAN region, enhancing its capabilities to support Chinese enterprises in their global strategic layouts [8].

Core Viewpoint - The launch of the Galaxy Bosera MSCI China-ASEAN Economic Connectivity Index ETF marks a significant step in enhancing investment opportunities between China and ASEAN, coinciding with a period of economic growth and integration between the two regions [4][5]. Group 1: Fund Details - Fund Name: Galaxy Bosera MSCI China-ASEAN Economic Connectivity Index ETF [4] - Fund Abbreviation: Galaxy Bosera ASEAN [4] - Stock Code: 2805 (HKD), 82805 (USD), 9805 (CNY) [4] - Benchmark Index: MSCI China-ASEAN Economic Connectivity Index [4] - Management Fee: 0.50% [4] - Expected Annual Expense Ratio: 0.80% [4] - Trading Currencies: HKD, USD, CNY [4] Group 2: Economic Context - ASEAN is recognized as a core growth driver in emerging markets, being the third-largest economy in Asia and fifth globally, maintaining dual growth in economy and manufacturing amidst global uncertainties [5]. - The economic integration between China and ASEAN is deepening, with trade cooperation and industrial transfer creating mutual benefits, supported by geopolitical advantages and accelerated cross-border infrastructure projects [5]. - Current valuations of Hong Kong and ASEAN equity assets are relatively low compared to global standards, presenting potential investment opportunities [5]. Group 3: Product Innovation and Strategy - The ETF is a collaboration between Bosera Fund (International) Co., Ltd. and China Galaxy International Asset Management (Hong Kong) Co., Ltd., leveraging their strengths in asset management and market positioning [6]. - The product employs an "economic exposure factor" screening mechanism to select high-quality stocks based on revenue exposure in both regions, focusing on sectors like consumer discretionary and technology [6]. - The ETF supports trading in multiple currencies, providing a low-cost and convenient asset allocation tool for global investors [6]. Group 4: Leadership Insights - Bosera Fund's Chairman emphasized the importance of capturing industrial synergy opportunities as Chinese enterprises expand overseas, aiming to enhance collaboration with ASEAN financial institutions [7]. - China Galaxy Securities' Chairman highlighted the ETF as an innovative tool for investors to access quality assets in China and ASEAN, reinforcing Hong Kong's role as an international financial center [7]. - The collaboration between Bosera Fund and China Galaxy Securities signifies a new phase in cross-border financial cooperation, aiming to provide diverse asset allocation solutions for investors [7].

Core Viewpoint - Bosera Fund has launched the Galaxy Bosera MSCI China-ASEAN Economic Connectivity Index ETF (02805), set to be listed on January 28, which tracks the MSCI China-ASEAN Economic Connectivity Index [1] Group 1: ETF Details - The ETF will have a management fee of 0.5% per annum and requires a minimum investment of approximately 1,000 HKD based on an indicative net asset value of 10 HKD per share [1] - It offers trading in multiple currencies, including HKD, RMB (82805), and USD (09805) [1] Group 2: Index Composition - The MSCI China-ASEAN Economic Connectivity Index consists of two parts: the Hong Kong-listed component selected from the MSCI Southbound Hong Kong Index and the ASEAN-listed component selected from the MSCI AC ASEAN Index [1] - The index includes securities ranked in the top 50% based on their economic exposure to mainland China and Hong Kong, with a total of 89 constituent stocks as of September 30, 2025, and a total market capitalization of 16.2 trillion HKD [1]