SCMP: Hong Kong-listed ETFs expected to reap the benefits of Greater Bay Area progress, future connect plan

Exchange-traded funds in Hong Kong are expected to see strong gains considering the development possibilities associated with better Bay room, raising interest among investors and another cross-border trading and investing strategy in the works for ETFs, relating to market participants.

Seoul-headquartered Mirae Asset international assets, the largest ETF issuer in Asia leaving out Japan by global property according to study firm ETFGI, are those types of expecting chances to arise in Hong Kong.

The firm will increase its Hong Kong-listed ETF selection next year with latest investment sessions and investment techniques, mentioned Rhee Jung-ho, president and ceo of Mirae investment Global financial investments (Hong-Kong).

“We have seen lots of intercontinental dealers that are enthusiastic about the more Bay Area and the rapidly improving, innovation-driven industries of mainland Asia,” Rhee mentioned in an interview making use of Southern China day blog post. “Investors utilize ETFs as a convenient car to invest in mainland Asia, and Hong-Kong is an ideal place to build these items because of its distinctive situation just like the global gateway to Asia.”

Over 143 ETFs are listed on the Hong-Kong stock-exchange as well as have market cover of around HK$400 billion (US$51. 4 billion). The typical day-to-day turnover of ETFs in the 1st nine period of 2021 got HK$6.7 billion, 31 percent over per year earlier, based on change data.