{"id":28054,"date":"2024-07-18T07:47:00","date_gmt":"2024-07-18T07:47:00","guid":{"rendered":"https:\/\/www.prnasia.com\/story\/archive\/4464517_AE64517_0"},"modified":"2024-07-18T07:47:00","modified_gmt":"2024-07-18T07:47:00","slug":"tech-focused-etfs-take-spotlight-after-mainland-china-hong-kong-etf-connect-expansion","status":"publish","type":"post","link":"https:\/\/transmediavictoria.net.au\/?p=28054","title":{"rendered":"Tech-focused ETFs Take Spotlight after Mainland China-Hong Kong ETF Connect Expansion"},"content":{"rendered":"<table name=\"logo_release\" border=\"0\" cellspacing=\"10\" cellpadding=\"5\" align=\"right\">\n<tbody>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mma.prnasia.com\/media2\/2085383\/_Logo.jpg?p=medium600\" border=\"0\" alt title=\"logo\" hspace=\"0\" vspace=\"0\" width=\"118\"><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><span class=\"xn-location\">GUANGZHOU, China<\/span>, <span class=\"xn-chron\">July 18, 2024<\/span> \/PRNewswire\/ &#8212; On <span class=\"xn-chron\">July 12<\/span><sup>th<\/sup>, it was announced that 91 additional ETFs will be added to the Mainland China-Hong Kong ETF Connect Program, which will take effect on <span class=\"xn-chron\">July 22<\/span><sup>nd<\/sup>. This expansion brings the total number of ETFs in the program to 241, with 19 of them being managed by E Fund Management (&#8220;E Fund&#8221;), the largest fund manager in <span class=\"xn-location\">China<\/span>. In meantime, a significant increase in foreign investors&#8217; demand for tech investment opportunities was observed, with the electronics sector being the most popular \u2013 the northbound fund inflows into the sector reached <span class=\"xn-money\">US$1.58 billion<\/span> in the second quarter.<\/p>\n<p>After the expansion, offshore investors with interests in tech innovation can leverage enriched investment tools \u2013 more than 20 thematic ETFs, including three from E Fund, namely E Fund CSI Artificial Intelligence Thematic ETF (Code: 159819), E Fund CSI Cloud Computing &amp; Big Data Index ETF (Code:516510), and E Fund CSI Technology 50 Index ETF (Code:159807).<\/p>\n<p>The CSI Technology 50 index offers exposure to 50 large companies listed on both the <span class=\"xn-location\">Shanghai<\/span> and Shenzhen Stock Exchange, with 59% of its shares in information technology and communication services sectors. The other two indexes aim to track different segments along the AI value chain in <span class=\"xn-location\">China<\/span>, consisting of infrastructure, models and platforms, applications and services.<\/p>\n<p>While the CSI Artificial Intelligence Index covers the entire AI value chain, with computers, electronics, and communication equipment and technical services industries as the top three, the CSI Cloud Computing &amp; Big Data Index focuses on upstream computing devices and downstream applications, with over 50% exposure to the computers industry.<\/p>\n<p>Among the ETFs tracking these indexes, E Fund CSI Artificial Intelligence Thematic ETF and E Fund CSI Cloud Computing &amp; Big Data Index ETF are the largest of their kind, with a net asset of <span class=\"xn-money\">US$798 million<\/span> and <span class=\"xn-money\">US$153 million<\/span>, respectively, as of <span class=\"xn-chron\">July 15<\/span><sup>th<\/sup>.<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder2611\" readability=\"7\">\n<p><a href=\"https:\/\/mma.prnasia.com\/media2\/2464293\/Tech_focused_ETFs_Take_Spotlight_Mainland_China_Hong_Kong_ETF_Connect_Expansion.html\" target=\"_blank\" rel=\"nofollow noopener\"><img decoding=\"async\" src=\"https:\/\/mma.prnasia.com\/media2\/2464293\/Tech_focused_ETFs_Take_Spotlight_Mainland_China_Hong_Kong_ETF_Connect_Expansion.jpg?p=medium600\" title=\"Tech-focused ETFs Take Spotlight after Mainland China-Hong Kong ETF Connect Expansion\" alt=\"Tech-focused ETFs Take Spotlight after Mainland China-Hong Kong ETF Connect Expansion\"><\/a><br \/><span>Tech-focused ETFs Take Spotlight after Mainland China-Hong Kong ETF Connect Expansion<\/span><\/p>\n<\/p><\/div>\n<p><b>About E Fund<\/b><\/p>\n<p>Established in 2001, E Fund Management Co., Ltd. (&#8220;E Fund&#8221;) is a leading comprehensive fund manager in <span class=\"xn-location\">China<\/span> with close to <span class=\"xn-money\">RMB 3.3 trillion<\/span> (<span class=\"xn-money\">US$ 454 billion<\/span>) under management. It offers investment solutions to onshore and offshore clients, helping clients achieve long-term sustainable investment performances. E Fund&#8217;s clients include both individuals and institutions, ranging from central banks, sovereign wealth funds, social security funds, pension funds, insurance and reinsurance companies, to corporates and banks. It is a pioneer and leading practitioner in responsible investments in <span class=\"xn-location\">China<\/span> and is widely recognized as one of the most trusted and outstanding Chinese asset managers.<\/p>\n<p>Note: As at <span class=\"xn-chron\">Jun 30, 2024<\/span>. AuM includes subsidiaries. Source: PBoC, Wind.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>GUANGZHOU, China, July 18, 2024 \/PRNewswire\/ &#8212; On July 12th, it was announced that 91 additional ETFs will be added to the Mainland China-Hong Kong ETF Connect Program, which will take effect on July 22nd. This expansion brings the total number of ETFs in the program to 241, with 19 of them being managed by [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":28055,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[],"class_list":["post-28054","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Tech-focused ETFs Take Spotlight after Mainland China-Hong Kong ETF Connect Expansion - My Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/transmediavictoria.net.au\/?p=28054\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tech-focused ETFs Take Spotlight after Mainland China-Hong Kong ETF Connect Expansion - My Blog\" \/>\n<meta property=\"og:description\" content=\"GUANGZHOU, China, July 18, 2024 \/PRNewswire\/ &#8212; On July 12th, it was announced that 91 additional ETFs will be added to the Mainland China-Hong Kong ETF Connect Program, which will take effect on July 22nd. This expansion brings the total number of ETFs in the program to 241, with 19 of them being managed by [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/transmediavictoria.net.au\/?p=28054\" \/>\n<meta property=\"og:site_name\" content=\"My Blog\" \/>\n<meta property=\"article:published_time\" content=\"2024-07-18T07:47:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mma.prnasia.com\/media2\/2085383\/_Logo.jpg?p=medium600\" \/>\n<meta name=\"author\" content=\"admin_tony\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin_tony\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/transmediavictoria.net.au\\\/?p=28054#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/transmediavictoria.net.au\\\/?p=28054\"},\"author\":{\"name\":\"admin_tony\",\"@id\":\"https:\\\/\\\/transmediavictoria.net.au\\\/#\\\/schema\\\/person\\\/5b51d407d652c0aa802bea269ea5d7e7\"},\"headline\":\"Tech-focused ETFs Take Spotlight after Mainland China-Hong Kong ETF Connect Expansion\",\"datePublished\":\"2024-07-18T07:47:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/transmediavictoria.net.au\\\/?p=28054\"},\"wordCount\":430,\"image\":{\"@id\":\"https:\\\/\\\/transmediavictoria.net.au\\\/?p=28054#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/transmediavictoria.net.au\\\/wp-content\\\/uploads\\\/2024\\\/07\\\/tech-focused-etfs-take-spotlight-after-mainland-china-hong-kong-etf-connect-expansion.jpg\",\"articleSection\":[\"Business News\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/transmediavictoria.net.au\\\/?p=28054\",\"url\":\"https:\\\/\\\/transmediavictoria.net.au\\\/?p=28054\",\"name\":\"Tech-focused ETFs Take Spotlight after Mainland China-Hong Kong ETF Connect Expansion - 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