Asset Revaluation Underway: Hong Kong Stock-Themed ETFs See Net Inflows Exceeding RMB 100 Billion This Year
Investor interest in Hong Kong stock-themed ETFs continues to rise. According to Choice data, these ETFs recorded net inflows totaling RMB 56.818 billion in July, with capital primarily flowing into three sectors: financials, technology, and innovative pharmaceuticals. Key highlights include:
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Financial ETFs in Focus:
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E Fund Hong Kong Securities ETF saw net inflows of RMB 11.143 billion.
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GF Hong Kong Stock Connect Non-Bank Financial ETF attracted RMB 7.468 billion.
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ChinaAMC Hong Kong Stock Connect Financial ETF recorded RMB 1.325 billion.
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Tech ETFs Defy Market Adjustments:
Despite post-rally fluctuations in the Hang Seng Tech Index, capital poured into related ETFs:-
Fullgoal Hong Kong Stock Connect Internet ETF led with RMB 10.509 billion.
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ChinaAMC Hang Seng Tech Index ETF and ICBC Credit Suisse Hong Kong Stock Connect Tech 30 ETF followed with RMB 3.169 billion and RMB 2.688 billion, respectively.
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Other ETFs, including Huatai-PineBridge CSOP Hang Seng Tech Index ETF and China Universal Hong Kong Stock Connect Tech 30 ETF, each exceeded RMB 1.8 billion.
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Innovative Pharma ETFs Shine:
After brief profit-taking, capital returned to the sector:-
China Universal Hong Kong Stock Connect Innovative Pharma ETF drew RMB 1.877 billion.
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Yinhua and Huabao’s similar ETFs each surpassed RMB 900 million.
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Year-to-Date Inflows Hit RMB 102.5 Billion:
As of July 31, multiple ETFs, including E Fund’s and Fullgoal’s offerings, reached record-high shares outstanding. With rising net asset values, the total AUM of Hong Kong stock-themed ETFs surpassed RMB 500 billion by July-end—up over RMB 200 billion from 2023. Fullgoal’s Internet ETF now leads with RMB 60.713 billion in AUM.
Pipeline Expands:
Over 10 new Hong Kong-themed ETFs are in issuance or preparation. Third-party sources reveal some garnered over RMB 1 billion in subscriptions within just one week of launch.
