Global X ETFs, a global provider of exchange-traded funds and a member of Mirae Asset Financial Group, has launched the China Core TECH ETF on the Hong Kong Stock Exchange, offering investors access to China's high-tech leaders at just HK$90 ( US$11.46 ) per lot of the initial issue price.
The ETF tracks the Mirae Asset China Tech Top 30 Index, which is designed to track the leading technology companies in mainland China and Hong Kong by market capitalization across critical next-generation technology sectors.
These innovative companies are at the forefront of digital transformation ( semiconductors, software, hardware, telecommunications equipment ), future mobility ( electric vehicles, battery, robotics ), and advanced solutions ( biotech, medtech, industrial automation, smart manufacturing ).
The Index provides exposure to companies that are leading China's "technology self-reliance" and competing on the global stage. A key feature of this technology-focused ETF is that it has limited exposure to internet companies, which makes it different from other technology indices like Hang Seng TECH Index, according to Global X.
“The launch of our China Core TECH ETF comes at a pivotal moment in China's technological ascent," says Wanyoun Cho, chief executive officer of Mirae Asset Global Investments ( Hong Kong ) Limited. "Chinese innovators have evolved from cost competitors to global leaders across frontier technologies. Our ETF breaks new ground by making this growth story accessible to all investors through a single-share structure, allowing precise participation in China's tech revolution.”
The Global X China Core TECH ETF ( 3448 ) is now available for trading through all major brokerage platforms in Hong Kong with single management fee as low as 0.68%.