New batch of ETFs make HK market debut

Three new exchange-traded funds (ETFs) that track cross-market indices made their debut on the Hong Kong stock exchange on Monday, marking the first batch of such products being listed in the Special Administrative Region (SAR). The three ETFs include the HKEX Tech & US Tech 100 Index, the HKEX Bursa Malaysia Large Cap Index ETF, and the HKEX KRX Semiconductor Index.

According to Bonnie Chan, the CEO of the Hong Kong Stock Exchanges and Clearing, this is a significant milestone in the development of the index business. Chan emphasized that these and all other ETF listings today further drive vibrancy in the equities, ETFs, and derivatives ecosystem, broadening the products and tools available to investors to access opportunities across the city's financial ecosystem.

Grace Chan, the director of investment products at the Securities Futures Commission, added that the listing is a testament to the continued vitality and innovation of Hong Kong's ETF market, reflecting the industry's ongoing efforts to develop new investment solutions and provide investors with a broader range of investment choices.

Brief written by urgent.news from RTHK News's own syndicated text. Machine-written — may contain errors; check the original before relying on it.