Hong Kong lists first ETF on Chinese internet companies

April 10, 2018

 HONG KONG - Hong Kong Exchanges and Clearing Limited (HKEX) today listed CICC KraneShares CSI China Internet Index ETF, the first Hong Kong-listed Exchange Traded Fund focussed on tracking Mainland Chinese Internet companies.

The underlying index of the ETF is the CSI Overseas China Internet Index, consisting of Mainland China-based companies listed in the US or Hong Kong whose primary business or businesses are related to Internet and Internet-related technology.

The new listing is the second Internet or technology-based ETF listed in Hong Kong, and marks the first Hong Kong listing for US-based Krane Funds Advisors, LLC, a specialist in China-focussed ETFs.  

The CICC KraneShares CSI China Internet Index ETF, which was first listed on the New York Stock Exchange in 2013, is available in Hong Kong in three currencies – Hong Kong dollars, Renminbi and US dollars (stock codes 3186, 83186 and 9186 respectively).  There are now 107 ETFs listed on HKEX’s securities market.

“We welcome this latest ETF listing to help diversify the growing list of exchange-traded products that we offer to investors,” said HKEX Senior Vice President, Head of Exchange Traded Products, Brian Roberts.

 “We believe we can build on our recent success and position HKEX as the leading Asian exchange for ETF issuers and investors.”

HKEX’s average daily turnover of ETFs rose 32% for the first three months of 2018 to HK$5.8 billion, when compared with HK$4.4 billion for the same period last year. www.hkex.com.hk (ATI).