https://www.scmp.com/rss/519880/feed An ETF (exchange-traded fund) is a type of passive investment product that typically tracks a basket of assets such as stocks, bonds or commodities. Just like ordinary shares, an ETF can be freely bought and sold on stock exchanges during trading hours. Most ETFs are index-based products, mimicking the composition and the performance of a specific gauge, such as the S&P 500 or the Hang Seng Index. The first ETF was launched in 1993 in the US. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Aileen Chuang Aileen Chuang Deeper regulatory ties and a shared push for new growth sectors are expected to give fresh impetus to cross-border investment flows between China and the Middle East, according to industry players and a United Arab Emirates (UAE) regulator. Hong Kong would benefit from the increased China-Middle East cooperation as the city develops into “a key hub for Middle Eastern capital to deploy in Asia and an important gateway for Chinese capital to go global to the Middle East,” said Linda Cai, inbound... https://www.scmp.com/business/banking-finance/article/3344127/hong-kong-uae-solidify-financial-links-deeper-regulatory-ties-digital-assets-focus?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3344127/hong-kong-uae-solidify-financial-links-deeper-regulatory-ties-digital-assets-focus?utm_source=rss_feed Sun, 22 Feb 2026 03:00:12 +0000 Bloomberg Bloomberg Bitcoin extended a four-week slide as investors returned to a more cautious macro backdrop. The token dropped as much as 3.2 per cent to US$66,604 on Tuesday, before paring the decline. Bitcoin, which has traded like a high-beta tech proxy in recent months, mirrored an earlier move lower in US equities, but failed to keep pace when stocks edged higher. “Sentiment is clearly bleak in crypto markets,” said Noelle Acheson, author of the Crypto is Macro Now newsletter. “There is strong progress in... https://www.scmp.com/tech/blockchain/article/3343879/sentiment-bleak-bitcoin-declines-geopolitical-tensions-add-risk-mood?utm_source=rss_feed https://www.scmp.com/tech/blockchain/article/3343879/sentiment-bleak-bitcoin-declines-geopolitical-tensions-add-risk-mood?utm_source=rss_feed Wed, 18 Feb 2026 06:06:08 +0000 Aileen Chuang Aileen Chuang This Lunar New Year, Hongkongers can gift friends and family digital gold tokens, a new way of blending the city’s tradition of giving gold for good wishes with the convenience of blockchain technology. HSBC added this new transfer feature earlier this month to its retail gold token, which represents fractional ownership of physical gold stored in a secure vault and is the only retail-focused gold token approved by Hong Kong’s Securities and Futures Commission. The bank’s enhancement to its gold... https://www.scmp.com/business/cryptocurrency/article/3343695/what-tokenised-gold-and-why-are-financial-institutions-and-investors-looking-it?utm_source=rss_feed https://www.scmp.com/business/cryptocurrency/article/3343695/what-tokenised-gold-and-why-are-financial-institutions-and-investors-looking-it?utm_source=rss_feed Tue, 17 Feb 2026 02:00:17 +0000 Zhang Shidong Zhang Shidong China-listed exchange-traded funds (ETFs) targeting US stocks are capping new subscriptions, as strong demand from investors seeking diversification puts these products within striking distance of using up quotas granted by the regulators. The nation’s biggest mutual fund firms that manage ETFs tracking the S&P 500 and the Nasdaq 100 index have imposed the restrictions, with these funds’ sizes approaching their respective quotas on overseas investments approved by the government. GF Fund... https://www.scmp.com/business/china-business/article/3337461/chinese-etfs-investing-us-stocks-cap-subscriptions-they-run-out-quotas?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3337461/chinese-etfs-investing-us-stocks-cap-subscriptions-they-run-out-quotas?utm_source=rss_feed Wed, 24 Dec 2025 00:30:08 +0000 Matteo Giovannini Matteo Giovannini Hong Kong’s financial identity is entering a new chapter, shaped as much by strategic alignment as capital flows. By co-launching a US$1 billion investment fund with Saudi Arabia’s Public Investment Fund (PIF), the city is taking one of its most assertive steps yet to redefine Hong Kong’s financial identity in a rapidly changing global economy. The message is clear: Hong Kong intends to be a serious player in the next phase of global capital realignment. This comes as Hong Kong companies are... https://www.scmp.com/opinion/hong-kong-opinion/article/3334122/betting-saudi-arabia-hong-kong-really-betting-itself?utm_source=rss_feed https://www.scmp.com/opinion/hong-kong-opinion/article/3334122/betting-saudi-arabia-hong-kong-really-betting-itself?utm_source=rss_feed Sun, 30 Nov 2025 08:30:11 +0000 Bloomberg Bloomberg The bitcoin rally that welcomed a wave of new investors through easy-to-access exchange-traded funds (ETFs) has officially gone underwater. Investors in US ETFs that offer direct access to the cryptocurrency are now sitting on collective losses. The average cost basis across all ETF inflows sits at approximately US$89,600 – a level bitcoin breached on Tuesday, according to Sean Rose at market intelligence firm Glassnode. That figure reflects the flow-weighted average price of all ETF inflows... https://www.scmp.com/tech/blockchain/article/3333243/faded-glory-bitcoin-etf-investors-red-after-cryptos-us89600-level-breaks?utm_source=rss_feed https://www.scmp.com/tech/blockchain/article/3333243/faded-glory-bitcoin-etf-investors-red-after-cryptos-us89600-level-breaks?utm_source=rss_feed Tue, 18 Nov 2025 07:38:51 +0000 Aileen Chuang Aileen Chuang China will become one of the “outsize contributors” to JPMorgan Asset Management’s five-year plan to double Asia-Pacific assets under supervision to about US$600 billion, according to the firm’s top executive in the region. “Our long-term goal is to grow [operations in the region] to a US$1 trillion business,” said Dan Watkins, CEO of Asia-Pacific at JPMorgan Asset Management, in an interview on Tuesday. He said China, Australia and Japan – the three largest capital markets where the US firm... https://www.scmp.com/business/markets/article/3329014/china-remains-major-growth-area-asia-pacific-region-jpmorgan-executive-says?utm_source=rss_feed https://www.scmp.com/business/markets/article/3329014/china-remains-major-growth-area-asia-pacific-region-jpmorgan-executive-says?utm_source=rss_feed Wed, 15 Oct 2025 00:30:09 +0000 Zhang Shidong Zhang Shidong Chinese investors sitting on 150 billion yuan (US$21 billion) worth of gold exchange-traded funds (ETFs) are likely to enjoy an extended run of a world-beating rally in the metal’s price amid robust demand, according to Swiss banks Julius Baer and Lombard Odier. Even after gaining almost 50 per cent this year, gold prices were set to rise to US$4,000 an ounce in the next 12 months, Julius Baer said, while Lombard Odier said the precious metal would rise to US$3,900. JPMorgan Private Bank was... https://www.scmp.com/business/markets/article/3327629/chinas-us21-billion-gold-etfs-shines-amid-metals-continued-rise?utm_source=rss_feed https://www.scmp.com/business/markets/article/3327629/chinas-us21-billion-gold-etfs-shines-amid-metals-continued-rise?utm_source=rss_feed Thu, 02 Oct 2025 23:30:08 +0000 Salina Li Salina Li HSBC has opened its first wealth management centre in the United Arab Emirates (UAE) – the first step of its biggest investment in the international wealth and premier banking business in two decades – to tap the growing investment appetite of affluent investors in the Middle East, according to a top banker. The bank’s 24,000 sq ft wealth centre started operations in Dubai on Tuesday, where some 90 relationship managers will cater to the investment needs of high-net-worth individuals in the UAE.... https://www.scmp.com/business/banking-finance/article/3326294/hsbc-opens-first-middle-east-wealth-hub-dubai-tap-booming-uae-investment-market?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3326294/hsbc-opens-first-middle-east-wealth-hub-dubai-tap-booming-uae-investment-market?utm_source=rss_feed Sun, 21 Sep 2025 23:30:15 +0000 Aileen Chuang Aileen Chuang Hong Kong-based MicroBit Capital Management took two years to launch its bitcoin and ether exchange-traded funds (ETFs), with their debuts coming amid record-high prices for cryptocurrencies and global regulators’ increasing recognition of digital assets. “Now I believe everybody considers bitcoin, or cryptocurrencies, as quite an important asset class; it’s no longer a scam,” said chief investment officer Kenny Khuong last month during MicroBit’s ETF listings on the Hong Kong stock exchange.... https://www.scmp.com/business/article/3326016/unpacking-cryptos-potential-could-take-digital-assets-mainstream-shape-future-investing?utm_source=rss_feed https://www.scmp.com/business/article/3326016/unpacking-cryptos-potential-could-take-digital-assets-mainstream-shape-future-investing?utm_source=rss_feed Sat, 20 Sep 2025 02:00:16 +0000 Aileen Chuang Aileen Chuang Hong Kong is boosting financial ties with the Middle East by signing initial accords with the United Arab Emirates (UAE) to enable mutual recognition of funds and cross-listings of exchange-traded funds (ETFs) on the Abu Dhabi Securities Exchange. Hong Kong’s market regulator, the Securities and Futures Commission (SFC), and the UAE’s Securities and Commodities Authority signed a memorandum of understanding on Wednesday to facilitate the mutual recognition of funds. This would allow public... https://www.scmp.com/business/banking-finance/article/3325954/hong-kong-and-uae-strengthen-financial-ties-etf-and-fund-accords?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3325954/hong-kong-and-uae-strengthen-financial-ties-etf-and-fund-accords?utm_source=rss_feed Thu, 18 Sep 2025 06:00:13 +0000 Cao Li Cao Li Biotech exchange-traded funds (ETF) in Hong Kong are attracting local and global investors as Chinese pharmaceutical makers reap the dividends of research and development and narrow the gap with the US, according to China Asset Management (Hong Kong) (China AMC). With Hong Kong-traded Chinese stocks already enjoying a decent rally, investors were now looking for unique opportunities to beat the market, said Heidi Cai, head of international business at the asset manager. “Funds from the US are... https://www.scmp.com/business/markets/article/3325606/chinese-biotech-etfs-hong-kong-attract-investors-amid-us60-billion-licensing-deals?utm_source=rss_feed https://www.scmp.com/business/markets/article/3325606/chinese-biotech-etfs-hong-kong-attract-investors-amid-us60-billion-licensing-deals?utm_source=rss_feed Mon, 15 Sep 2025 10:00:10 +0000 Enoch Yiu Enoch Yiu Sales of non-listed investment products soared to a record last year in Hong Kong, as capital poured into mutual funds, debt and equity-lined financial products amid improving market sentiments, underscoring the city’s growth as a financial hub. Sales increased by 40 per cent from 2023 to a record HK$6.07 trillion (US$778.3 billion), according to a survey released on Thursday by the Securities and Futures Commission (SFC) and the Hong Kong Monetary Authority (HKMA). As many as 1.2 million... https://www.scmp.com/business/banking-finance/article/3324366/hong-kongs-financial-market-booms-stocks-rally-fuels-sales-funds-bonds-and-others?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3324366/hong-kongs-financial-market-booms-stocks-rally-fuels-sales-funds-bonds-and-others?utm_source=rss_feed Thu, 04 Sep 2025 10:34:06 +0000 Bloomberg Bloomberg Chinese investors are snapping up exchange-traded funds (ETFs) that track bonds, betting on their lower costs and diversified exposure to profit from an environment of stubborn deflation and policy support for the corporate sector. Assets managed under such ETFs surged to more than US$50 billion at the end of June, up from $10 billion at the beginning of last year, according to Bloomberg data. The number of those targeting corporate notes increased sixfold since the end of last year to become... https://www.scmp.com/business/banking-finance/article/3318976/chinese-bond-etfs-top-us50-billion-assets-managed-frenzy-spurred-deflation?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3318976/chinese-bond-etfs-top-us50-billion-assets-managed-frenzy-spurred-deflation?utm_source=rss_feed Mon, 21 Jul 2025 06:23:42 +0000 Cao Li Cao Li China is likely to issue a record number of exchange-traded funds (ETFs) this year, having already crossed the halfway mark of the all-time high of 277 ETFs launched four years ago, spurred by favourable regulations and growing investor demand. Fund managers in mainland China launched 166 ETFs tracking stock indexes, bonds and overseas markets up to the end of June, according to ETFGI, a research and consulting firm. “If the pace of launches continues, we will see the previous record of 277 ETFs... https://www.scmp.com/business/markets/article/3318240/china-track-break-etf-issuance-record-amid-booming-investor-demand?utm_source=rss_feed https://www.scmp.com/business/markets/article/3318240/china-track-break-etf-issuance-record-amid-booming-investor-demand?utm_source=rss_feed Tue, 15 Jul 2025 05:30:08 +0000 Bloomberg Bloomberg Bitcoin breached US$120,000 for the first time, with investor enthusiasm showing few signs of dimming, as the US House of Representatives prepares to consider key industry legislation during its “Crypto Week” starting Monday. The cryptocurrency bellwether rose as much as 3.4 per cent to US$123,205 as of 9.10am in London, as digital assets staged a broad advance. Ether, the second-largest token, also gained, along with a host of smaller coins. The cryptocurrency gains came as stock markets across... https://www.scmp.com/tech/blockchain/article/3318172/bitcoin-soars-past-us120000-us-pushes-crucial-digital-asset-legislation?utm_source=rss_feed https://www.scmp.com/tech/blockchain/article/3318172/bitcoin-soars-past-us120000-us-pushes-crucial-digital-asset-legislation?utm_source=rss_feed Mon, 14 Jul 2025 11:00:00 +0000 John Park John Park Hong Kong’s stablecoin bill passed with little fanfare recently. Yet across Asia’s financial centres, the legislation has focused minds. The city has quietly created the region’s first mandatory licensing regime for digital currencies, a strategic gambit to retain its position as Asia’s financial capital. The new law, overseen by the Hong Kong Monetary Authority (HKMA), applies to any stablecoin pegged to the Hong Kong dollar or issued locally. It requires one-to-one reserve backing, a minimum... https://www.scmp.com/opinion/hong-kong-opinion/article/3313431/why-hong-kongs-stablecoin-law-smart-financial-move?utm_source=rss_feed https://www.scmp.com/opinion/hong-kong-opinion/article/3313431/why-hong-kongs-stablecoin-law-smart-financial-move?utm_source=rss_feed Sun, 08 Jun 2025 08:30:07 +0000 SCMP Editorial SCMP Editorial Hong Kong has long wanted to promote Islamic finance, but progress has been slow. Now, though, the time is more auspicious as the city seeks to diversify its financial services and business beyond Western or developed economies. At the same time, countries in the Middle East are moving quickly to form new business links with China. The latest fruit of this partnership is Asia’s first exchange-traded fund (ETF) tracking Saudi Arabia’s Islamic government bonds, or sukuk. Its debut will introduce... https://www.scmp.com/opinion/comment/article/3312804/saudi-etf-opens-door-islamic-opportunity-hong-kong?utm_source=rss_feed https://www.scmp.com/opinion/comment/article/3312804/saudi-etf-opens-door-islamic-opportunity-hong-kong?utm_source=rss_feed Tue, 03 Jun 2025 00:45:07 +0000 Enoch Yiu Enoch Yiu Thematic exchange-traded funds (ETFs) tracking Hong Kong-listed artificial intelligence (AI) and biotechnology firms could be listed on the Saudi Exchange, which would pave the way for cross-border listings and closer ties between the two markets, according to the CEO of the largest bourse in the Middle East. Hong Kong companies might also have a chance to list by offering depositary receipts on the Riyadh-based exchange, also known as Tadawul, under new rules proposed by Saudi Arabia’s... https://www.scmp.com/business/markets/article/3312488/thematic-hong-kong-ai-and-biotech-etfs-may-be-offered-saudi-exchange?utm_source=rss_feed https://www.scmp.com/business/markets/article/3312488/thematic-hong-kong-ai-and-biotech-etfs-may-be-offered-saudi-exchange?utm_source=rss_feed Mon, 02 Jun 2025 00:30:10 +0000 Yulu Ao,Enoch Yiu Yulu Ao,Enoch Yiu Hong Kong is taking another big step to strengthen financial-market linkages with the Middle East with the launch of Asia’s first exchange-traded fund (ETF) tracking Saudi Arabia’s Islamic government bonds, or sukuk. The ETF, called Premia BOCHK Saudi Arabia Government Sukuk ETF, started trading on the Hong Kong stock exchange on Thursday, giving local investors access to the world’s second-largest market for sharia-compliant debt securities. The ETF trades in Hong Kong dollars under code 3478... https://www.scmp.com/business/china-business/article/3312217/hong-kong-deepens-ties-middle-east-saudi-sukuk-etfs-bullish-debut?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3312217/hong-kong-deepens-ties-middle-east-saudi-sukuk-etfs-bullish-debut?utm_source=rss_feed Thu, 29 May 2025 03:16:08 +0000 Zhang Shidong Zhang Shidong Chinese investors have been flocking to exchange-traded funds (ETFs) tracking the price of gold, hoping to take advantage of the precious metal’s world-beating rally as stocks remain in the doldrums amid a tariff war. The 13 mainland-domiciled gold ETFs have attracted new subscriptions of at least 7.9 billion units so far this year, according to financial data provider Wind Information. As of April 11, fresh inflows and the rising price of gold added 70.4 billion yuan (US$9.6 billion) to the... https://www.scmp.com/business/china-business/article/3307443/chinese-gold-etfs-glow-investors-chase-metals-historic-rise-amid-trump-turmoil?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3307443/chinese-gold-etfs-glow-investors-chase-metals-historic-rise-amid-trump-turmoil?utm_source=rss_feed Tue, 22 Apr 2025 09:00:23 +0000 With all the proverbial lightning and thunder emanating from US President Donald Trump’s loud threats and extreme policies, it is perhaps understandable if stock markets are paying scant attention to other crises behind the surface. But as the swelling stream of global debt threatens to become a torrent and the persisting bushfire of inflation threatens to reignite into a blaze, markets will be forced to redirect their gaze to the state of the global economy. As the Institute of International... https://www.scmp.com/opinion/world-opinion/article/3300405/why-dangerous-debt-dynamics-arent-catching-economic-policy?utm_source=rss_feed https://www.scmp.com/opinion/world-opinion/article/3300405/why-dangerous-debt-dynamics-arent-catching-economic-policy?utm_source=rss_feed Sat, 01 Mar 2025 08:30:07 +0000 Enoch Yiu Enoch Yiu Invesco QQQ Trust, the world’s fifth-largest exchange-traded fund (ETF), which tracks US technology giants on Nasdaq, fell on the first day of trading in Hong Kong following recent market jitters stoked by the rise of Chinese start-up DeepSeek. The ETF weakened 0.8 per cent to close at HK$4,016 (US$516.62) on Wednesday, according to stock exchange data, while the city’s benchmark and tech gauges rebounded by more than 3 per cent. The ETF had declined 1.3 per cent to US$513.32 in New York... https://www.scmp.com/business/article/3300252/invesco-qqq-etf-slips-hong-kong-trading-debut-amid-jitters-around-us-tech-giants?utm_source=rss_feed https://www.scmp.com/business/article/3300252/invesco-qqq-etf-slips-hong-kong-trading-debut-amid-jitters-around-us-tech-giants?utm_source=rss_feed Wed, 26 Feb 2025 11:31:05 +0000 Aileen Chuang Aileen Chuang Hong Kong’s exchange-traded fund (ETF) market is logging a record year thanks to the recent market rally, expanded inclusion in the cross-border Stock Connect programme and a series of new products, including Asia’s first pegged to virtual assets. Net fund flows of Hong Kong’s exchange-traded product (ETP) market, which includes ETFs and leveraged and inverse products, surged 48 per cent year on year to HK$46.7 billion in the first 10 months, according to HKEX data. That brought the ETP market’s... https://www.scmp.com/business/banking-finance/article/3285071/hong-kong-etf-market-runs-hot-amid-stock-rally-volatility-new-products?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3285071/hong-kong-etf-market-runs-hot-amid-stock-rally-volatility-new-products?utm_source=rss_feed Mon, 04 Nov 2024 23:30:08 +0000 Enoch Yiu,Salina Li Enoch Yiu,Salina Li Saudi Arabia’s sovereign-wealth fund the Public Investment Fund and the Hong Kong Monetary Authority (HKMA) signed an agreement in Riyadh on Thursday to work towards jointly anchoring a new investment fund with a target size of US$1 billion, the HKMA said in a statement. “The fund would explore investment in manufacturing, renewables, fintech and healthcare, supporting the localisation in Saudi Arabia of companies connected to Hong Kong and the Greater Bay Area,” the statement said. “It would... https://www.scmp.com/business/banking-finance/article/3284681/hong-kong-saudi-market-regulators-build-strategic-ties-spur-listings-training?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3284681/hong-kong-saudi-market-regulators-build-strategic-ties-spur-listings-training?utm_source=rss_feed Thu, 31 Oct 2024 12:07:59 +0000 Yuke Xie,Enoch Yiu Yuke Xie,Enoch Yiu Hong Kong Exchanges and Clearing (HKEX) is planning to open an office in Saudi Arabia next year to strengthen its presence in the region while enhancing the city’s role in bridging financial markets in mainland China and the Middle East. The new office in the capital Riyadh will provide on-ground support to regional investors, giving them access to Hong Kong’s financial products and “opportunities arising from megatrends that define Asia’s growth story”, the bourse operator said in a statement... https://www.scmp.com/business/markets/article/3284468/bourse-operator-hkex-open-saudi-office-2025-strengthen-middle-east-connections?utm_source=rss_feed https://www.scmp.com/business/markets/article/3284468/bourse-operator-hkex-open-saudi-office-2025-strengthen-middle-east-connections?utm_source=rss_feed Wed, 30 Oct 2024 09:00:07 +0000 Enoch Yiu Enoch Yiu Albilad CSOP MSCI Hong Kong China Equity ETF (Albilad ETF), the first index fund tracking Hong Kong stocks in Saudi Arabia, made a winning debut in a milestone listing that opens the door for Middle Eastern investors to trade Hong Kong stocks. The ETF rose 0.002 per cent to 10.02 Saudi riyals per unit in early trading on the Saudi Stock Exchange (Tadawul). Trading under the stock code 9410, the fund raised more than US$1.2 billion, according to Hong Kong-based CSOP Asset Management, which has... https://www.scmp.com/business/markets/article/3284447/saudi-arabias-first-etf-tracking-hong-kong-stocks-opens-flat-tadawul-debut?utm_source=rss_feed https://www.scmp.com/business/markets/article/3284447/saudi-arabias-first-etf-tracking-hong-kong-stocks-opens-flat-tadawul-debut?utm_source=rss_feed Wed, 30 Oct 2024 07:24:28 +0000 Enoch Yiu Enoch Yiu The Hong Kong Science and Technology Parks Corporation (HKSTP) will embark on its largest-ever overseas delegation by bringing 25 start-ups to a summit in Saudi Arabia this week, according to its CEO. The start-ups are among the more than 1,200 companies that have been incubated by the HKSTP to promote the city’s technology and innovation. The start-ups that are heading to Saudi Arabia are more established and are engaged in a number of sectors, including biotechnology, new energy and other... https://www.scmp.com/business/article/3283838/hong-kongs-start-incubator-leads-largest-delegation-saudi-arabia-summit-week?utm_source=rss_feed https://www.scmp.com/business/article/3283838/hong-kongs-start-incubator-leads-largest-delegation-saudi-arabia-summit-week?utm_source=rss_feed Mon, 28 Oct 2024 00:30:10 +0000 Enoch Yiu Enoch Yiu Middle Eastern investors have rushed to buy the first exchange-traded fund (ETF) tracking Hong Kong stocks to capture the recent market rally and long-term growth “miracle” of China, according to the CEO of the issuer. Albilad CSOP MSCI Hong Kong China Equity ETF (Albilad ETF), the first index fund tracking Hong Kong stocks in Saudi Arabia, had already raised HK$10 billion (US$1.3 billion) as of October 23, according to Hong Kong-based CSOP Asset Management which joined hands with Albilad... https://www.scmp.com/business/markets/article/3283984/first-hong-kong-etf-saudi-arabia-raises-us13-bn-investors-buy-china-miracle?utm_source=rss_feed https://www.scmp.com/business/markets/article/3283984/first-hong-kong-etf-saudi-arabia-raises-us13-bn-investors-buy-china-miracle?utm_source=rss_feed Sun, 27 Oct 2024 09:00:09 +0000 Yuke Xie Yuke Xie FTSE Russell, the world’s third-largest index provider, will continue developing products for Chinese assets as global interest in the market grows and retail investment culture worldwide shifts, according to the company’s global CEO. Despite recent challenges from macroeconomic headwinds, geopolitical tensions and volatility, global investors still believe China’s financial markets are being propelled by strong momentum, according to Fiona Bassett. “We believe China remains a key market for... https://www.scmp.com/business/banking-finance/article/3283725/index-provider-ftse-russell-says-it-will-keep-developing-products-chinese-assets?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3283725/index-provider-ftse-russell-says-it-will-keep-developing-products-chinese-assets?utm_source=rss_feed Fri, 25 Oct 2024 00:30:08 +0000 Andrew Sheng Andrew Sheng On October 19, 1987, after three days of decline in the New York stock market, the Hong Kong market dropped by 10.5 per cent after a rise of 89 per cent in the previous 12 months. Black Monday had triggered a worldwide stock crash. In US dollars terms, eight stock markets declined by 20-29 per cent, three by 30-39 per cent and three more (Hong Kong, Australia and Singapore) by more than 40 per cent. Total losses were estimated at US$1.7 trillion – nearly 10 per cent of the global economy in... https://www.scmp.com/opinion/hong-kong-opinion/article/3281903/black-monday-lesson-1987-reform-financial-crisis-makes-us?utm_source=rss_feed https://www.scmp.com/opinion/hong-kong-opinion/article/3281903/black-monday-lesson-1987-reform-financial-crisis-makes-us?utm_source=rss_feed Fri, 11 Oct 2024 12:30:09 +0000 Zhang Shidong Zhang Shidong Many exchange-traded funds (ETFs) that track China’s least valuable stocks have been halted from trading after their prices overshot the underlying equities, raising red flags about the frenzy in the world’s biggest market rally. At least 15 ETFs linked to the ChiNext benchmark of small companies on the Shenzhen exchange issued warnings to investors within the first hour of trading today after their prices overshot the net-asset values of the underlying portfolios. E Fund Management’s ChiNext... https://www.scmp.com/business/china-business/article/3281697/china-stocks-small-cap-etfs-send-danger-signals-bulls-worlds-biggest-market-frenzy?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3281697/china-stocks-small-cap-etfs-send-danger-signals-bulls-worlds-biggest-market-frenzy?utm_source=rss_feed Wed, 09 Oct 2024 09:30:08 +0000 Enoch Yiu Enoch Yiu Middle Eastern traders will soon be able to invest in Hong Kong stocks via two exchange-traded funds (ETFs) tracking benchmarks in the city once they are listed on the Saudi stock exchange at the end of this month. Financial Secretary Paul Chan Mo-po will lead a delegation comprising scores of local regulators and financiers to the FII conference in Riyadh and to mark the launch of the ETFs, according to Julia Leung Fung-yee, CEO of the Securities and Futures Commission (SFC). “The two ETFs... https://www.scmp.com/business/banking-finance/article/3281256/saudi-arabia-opens-doors-hong-kong-stocks-launch-2-etfs-month-end-sfc-ceo?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3281256/saudi-arabia-opens-doors-hong-kong-stocks-launch-2-etfs-month-end-sfc-ceo?utm_source=rss_feed Sun, 06 Oct 2024 23:00:19 +0000 Investors pulled money from exchange-traded funds that buy Chinese stocks last week amid growing concern over the country’s economy, while they loaded up on emerging-market debt as the US Federal Reserve nears the start of its easing cycle. The KraneShares CSI China Internet Fund, known by the ticker KWEB, saw US$238 million in outflows last week, its biggest weekly outflow since August 2022, as Beijing struggles to foster a rebound in growth. “Investors have been avoiding China,” said Brendan... https://www.scmp.com/business/banking-finance/article/3276020/traders-dump-china-load-em-bond-etfs-fed-cuts-near?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3276020/traders-dump-china-load-em-bond-etfs-fed-cuts-near?utm_source=rss_feed Mon, 26 Aug 2024 19:44:39 +0000 Zhang Shidong Zhang Shidong Antony Xu has steered clear of stocks as his investment portfolio has been unprofitable over the past few years. “For now, I’d rather put my spare money in banks’ wealth management products,” said the 47-year-old accounting executive in Shanghai. “The returns are low, but at least I can make some money. I’ve been suffering paper losses from stocks for years and there’s no way I’ll increase my investments in the near term.” Luring investors such as Xu to China’s US$8.2 trillion stock market has... https://www.scmp.com/business/china-business/article/3275552/chinas-stock-woes-funds-shun-equities-bonds-etfs-luxury-homes-downbeat-market?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3275552/chinas-stock-woes-funds-shun-equities-bonds-etfs-luxury-homes-downbeat-market?utm_source=rss_feed Sat, 24 Aug 2024 00:00:14 +0000 Matt Haldane Matt Haldane Hong Kong-based virtual bank Mox has launched a cryptocurrency exchange-traded fund (ETF) service for customers, as it ramps up service offerings months after launching its Mox Invest platform amid Hong Kong’s push to transform the city into a virtual asset hub. The Standard Chartered subsidiary started the service on Monday, becoming the first virtual bank to offer trading directly on its platform of the spot bitcoin and ether ETFs that launched in Hong Kong earlier this year, as the company... https://www.scmp.com/tech/tech-trends/article/3273430/hong-kong-virtual-bank-mox-starts-bitcoin-ether-etf-trading-plans-direct-crypto-trading?utm_source=rss_feed https://www.scmp.com/tech/tech-trends/article/3273430/hong-kong-virtual-bank-mox-starts-bitcoin-ether-etf-trading-plans-direct-crypto-trading?utm_source=rss_feed Wed, 07 Aug 2024 03:00:11 +0000 Xinmei Shen Xinmei Shen The trading volume of US exchange-traded funds (ETFs) that invest directly in ether have dwarfed those traded in Hong Kong in their debut, but the Asian financial hub could boost its appeal by allowing staking, experts say. Nine spot ether ETFs launched in the US on Tuesday, with more than US$1.07 billion changing hands within the first day of trading. Three ether ETFs in Hong Kong, in comparison, saw just HK$20 million traded on their April debut. The city’s three ether ETFs – operated by... https://www.scmp.com/tech/blockchain/article/3271728/ether-etfs-us-take-hong-kong-may-look-staking?utm_source=rss_feed https://www.scmp.com/tech/blockchain/article/3271728/ether-etfs-us-take-hong-kong-may-look-staking?utm_source=rss_feed Thu, 25 Jul 2024 00:00:14 +0000 Xinmei Shen Xinmei Shen Hong Kong’s first bitcoin inverse investment product, which offers returns based on declines in the price of the world’s largest cryptocurrency token, debuts on the city’s stock exchange on Tuesday, as the Asian financial hub continues to expand its virtual asset product offerings to draw investors. The exchange’s move to list CSOP Asset Management’s new Bitcoin Futures Daily Inverse Product, the first of its kind in Hong Kong, reflects the city’s ongoing efforts to diversify its offerings of... https://www.scmp.com/tech/blockchain/article/3271396/hong-kong-get-first-bitcoin-inverse-investment-product-adding-crypto-etfs?utm_source=rss_feed https://www.scmp.com/tech/blockchain/article/3271396/hong-kong-get-first-bitcoin-inverse-investment-product-adding-crypto-etfs?utm_source=rss_feed Mon, 22 Jul 2024 09:00:12 +0000 Zhang Shidong Zhang Shidong The biggest exchange-traded funds (ETFs) tracking a key Chinese stock benchmark have seen spikes in inflows, indicating that state-backed buying could be steadying market sentiment amid a key meeting of the Communist Party. The ETFs linked to the underlying CSI 300 Index managed by Huatai-PineBridge Investments, E Fund Management, and China Asset Management have all seen above average daily fund flows this week, according to Bloomberg data. Huatai-PineBridge CSI 300 EFT, the biggest such product... https://www.scmp.com/business/china-business/article/3270793/chinas-biggest-etfs-see-huge-inflows-latest-sign-state-buying-amid-third-plenum?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3270793/chinas-biggest-etfs-see-huge-inflows-latest-sign-state-buying-amid-third-plenum?utm_source=rss_feed Wed, 17 Jul 2024 23:30:10 +0000 Xinmei Shen Xinmei Shen Hong Kong may face fresh challenges as its lead in offering exchange-traded funds (ETF) that invest directly in ether, the world’s second largest cryptocurrency token, may soon disappear with the imminent launch of similar products in the much larger US market, but the city could remain attractive to a specific set of investors it tries to become a virtual asset hub. The US Securities and Exchange Commission (SEC) has given “preliminary approval” to some asset managers to launch their own spot... https://www.scmp.com/tech/blockchain/article/3270830/hong-kongs-ether-etfs-face-us-competition-different-crypto-investors-may-flock-city?utm_source=rss_feed https://www.scmp.com/tech/blockchain/article/3270830/hong-kongs-ether-etfs-face-us-competition-different-crypto-investors-may-flock-city?utm_source=rss_feed Wed, 17 Jul 2024 23:00:12 +0000 Jiaxing Li Jiaxing Li Two exchange-traded funds (ETFs) that track Saudi Arabia’s biggest companies including Saudi Aramco made winning debuts in mainland China on Tuesday, underscoring the strengthening ties between financial markets in China and the Middle East. The two feeder funds, managed by China Southern Asset Management and Huatai-PineBridge Investment, were snapped up by mainland investors, with both briefly hitting the 10 per cent daily limit on their first day of trading. The combined trading turnover... https://www.scmp.com/business/markets/article/3270611/saudi-etfs-make-winning-china-debut-financial-ties-middle-east-strengthen?utm_source=rss_feed https://www.scmp.com/business/markets/article/3270611/saudi-etfs-make-winning-china-debut-financial-ties-middle-east-strengthen?utm_source=rss_feed Tue, 16 Jul 2024 06:30:12 +0000 Jiaxing Li Jiaxing Li China is further opening up its US$8.4 trillion stock market by offering more options to global investors – 85 new exchange-traded funds (ETFs) tracking mainland equities are set to become available through the cross-border trading channel for offshore funds next week. ETFs, which are funds that pool together a basket of securities and aim to offer returns that mirror the underlying market, are becoming increasingly popular in Asia. These transparent, low-cost, and diversified investment... https://www.scmp.com/business/companies/article/3270539/what-etf-connect-how-does-it-help-global-investors-tap-chinas-stock-market?utm_source=rss_feed https://www.scmp.com/business/companies/article/3270539/what-etf-connect-how-does-it-help-global-investors-tap-chinas-stock-market?utm_source=rss_feed Mon, 15 Jul 2024 22:00:12 +0000 Jiaxing Li Jiaxing Li Captivated by the spectacular rally in global markets this year, Fredric Luk embarked on his investment journey with high hopes, handpicking a few promising stocks. But after being burned by some ill-fated bets, he quickly sold his entire equity holdings in US tech firms and funnelled his investments into a handful of exchange-traded funds (ETFs). “Buying individual stocks comes with quite a few risks, especially when you’re not exactly familiar with the market, plus there’s a time difference... https://www.scmp.com/business/markets/article/3270205/etfs-rise-popularity-individuals-take-charge-while-issuers-race-meet-demand?utm_source=rss_feed https://www.scmp.com/business/markets/article/3270205/etfs-rise-popularity-individuals-take-charge-while-issuers-race-meet-demand?utm_source=rss_feed Sat, 13 Jul 2024 02:00:09 +0000 Aileen Chuang Aileen Chuang More than 90 new exchange-traded funds (ETFs) will be eligible to trade under the expanded cross border Stock Connect programme later this month, giving investors more trading options, according to separate announcements by bourses in Hong Kong and mainland China on Friday. The Shanghai, Shenzhen and Hong Kong stock exchanges added 85 ETFs for northbound trading and six in the southbound direction, after average asset management sizes and index weightings were lowered in April to enhance the... https://www.scmp.com/business/banking-finance/article/3270287/hong-kong-and-mainland-chinese-exchanges-add-91-etfs-stock-connect-scheme?utm_source=rss_feed https://www.scmp.com/business/banking-finance/article/3270287/hong-kong-and-mainland-chinese-exchanges-add-91-etfs-stock-connect-scheme?utm_source=rss_feed Fri, 12 Jul 2024 11:12:12 +0000 Zhang Shidong Zhang Shidong Exchange-traded funds (ETFs) have quickly won favour among investors globally in recent years, with many choosing the passive investment product over actively managed ones because of lower costs and convenience in trading. Investors continue pouring money into ETFs despite a challenging investment landscape, including entrenched inflation and a flare-up in geopolitical tensions. China is no exception to the trend, with ETFs even becoming a key channel for state-backed funds to prop up the... https://www.scmp.com/business/china-business/article/3270070/what-are-etfs-how-have-they-become-new-darling-investors-globally?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3270070/what-are-etfs-how-have-they-become-new-darling-investors-globally?utm_source=rss_feed Thu, 11 Jul 2024 23:30:08 +0000 Zhang Shidong Zhang Shidong A record-breaking rally on Wall Street has enticed Chinese investors to chase exchange-traded funds (ETFs) that track the Nasdaq and S&P 500 indices, prompting warnings from fund managers of the investment risks. A handful of such ETFs listed on the mainland’s stock exchanges are trading at a significant premium to their fair values and there have been some aberrations in their price movements as well. The Shenzhen exchange on Thursday morning suspended trading in Invesco Great Wall Fund... https://www.scmp.com/business/china-business/article/3269144/chinese-investors-craze-etfs-tracking-us-stocks-triggers-suspensions-warnings?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3269144/chinese-investors-craze-etfs-tracking-us-stocks-triggers-suspensions-warnings?utm_source=rss_feed Thu, 04 Jul 2024 06:57:49 +0000 Reuters Reuters The US Securities and Exchange Commission (SEC) could approve exchange traded funds (ETFs) tied to the spot price of ether as soon as July 4, as talks between asset managers and regulators enter the final stages, industry executives and other participants told Reuters. Eight asset managers, including BlackRock, VanEck, Franklin Templeton and Grayscale Investments, are seeking SEC approval for the funds. Most of them had rolled out spot bitcoin ETFs in January, the culmination of a decade-long... https://www.scmp.com/tech/blockchain/article/3268207/us-regulators-said-be-approving-spot-ether-etfs-launch-july-4?utm_source=rss_feed https://www.scmp.com/tech/blockchain/article/3268207/us-regulators-said-be-approving-spot-ether-etfs-launch-july-4?utm_source=rss_feed Thu, 27 Jun 2024 03:35:07 +0000 China has opened up its capital market to Asia’s first exchange-traded fund (ETF) that tracks Saudi Arabia’s largest companies, as the two countries continue to deepen financial ties. Two feeder funds – Hautai-Pinebridge CSOP Saudi Arabia ETF QDII and China Southern CSOP Saudi Arabia ETF QDII – that mirror the CSOP Saudi ETF in Hong Kong have received approval from the China Securities Regulatory Commission to list on the mainland, the two companies said on Friday. The funds will be managed by... https://www.scmp.com/business/markets/article/3266673/china-okays-2-etfs-tracking-top-saudi-arabian-firms-list-onshore-markets?utm_source=rss_feed https://www.scmp.com/business/markets/article/3266673/china-okays-2-etfs-tracking-top-saudi-arabian-firms-list-onshore-markets?utm_source=rss_feed Fri, 14 Jun 2024 12:00:23 +0000 The regulators of Hong Kong and Saudi Arabia will explore ways to cross-list exchange traded funds (ETFs) and foster two-way fund flows, according to the Securities and Futures Commission (SFC). The SFC said on Monday that it was looking into the possibility of signing a memorandum of understanding with Saudi Arabia’s Capital Market Authority (CMA) following a visit by CEO Julia Leung Fung-yee and executive director Christina Choi last week. The trip included stops in Riyadh and Abu Dhabi, the... https://www.scmp.com/business/markets/article/3265211/hong-kong-and-saudi-regulators-explore-pact-financial-services-etfs?utm_source=rss_feed https://www.scmp.com/business/markets/article/3265211/hong-kong-and-saudi-regulators-explore-pact-financial-services-etfs?utm_source=rss_feed Mon, 03 Jun 2024 11:00:40 +0000 Bloomberg Bloomberg BlackRock’s iShares Bitcoin Trust has become the world’s largest fund for the original cryptocurrency, amassing almost US$20 billion in total assets since listing in the United States at the start of the year. The spot bitcoin exchange-traded fund (ETF) held US$19.68 billion of the token on Tuesday, dethroning the US$19.65 billion Grayscale Bitcoin Trust, data compiled by Bloomberg show. The third largest is the US$11.1 billion offering from Fidelity Investments. The BlackRock and Fidelity spot... https://www.scmp.com/tech/tech-trends/article/3264558/blackrocks-us20-billion-etf-now-worlds-largest-bitcoin-fund-dethroning-grayscales-rival-crypto-trust?utm_source=rss_feed https://www.scmp.com/tech/tech-trends/article/3264558/blackrocks-us20-billion-etf-now-worlds-largest-bitcoin-fund-dethroning-grayscales-rival-crypto-trust?utm_source=rss_feed Wed, 29 May 2024 08:47:31 +0000