InnovestX Securities, the investment flagship under SCBX Group, has joined forces with Invesco and Invesco Great Wall ( IGW ) to introduce Thailand’s first depositary receipt ( DR ) linked to China’s innovation-driven companies.

The new instrument, DR23: CHNXT5023, references the Invesco Great Wall ChiNext 50 ETF and officially commenced trading on the Stock Exchange of Thailand ( SET ) on November 25.

This milestone, the companies say, marks the first time Thai investors can directly access the ChiNext 50 Index ETF, which tracks China’s leading innovation-driven companies and is comparable to the US Nasdaq.

Investors can trade in Thai baht just like local stocks eliminating barriers, such as foreign currency conversion, overseas account set-up and the limited accessibility of China A-share equities, which are generally subject to foreign investor quota restrictions, as well as direct investment channels in Thailand that are available only through a few licensed providers.

“This new DR broadens the gateway for Thai investors to tap into China’s dynamic growth sectors with greater ease and transparency,” points out Asadej Kongsiri, SET’s president. “The launch marks another significant step forward in strengthening the partnership between the Thai and Chinese capital markets.”

Tang Rui, the Shenzhen Stock Exchange’s deputy CEO, says: “This connection of Chinese products to Thai investors will further strengthen the ties between our two capital markets and pave the way for deeper cooperation in the future.”

Payon Pongsawaree, InnovestX Securities’ chief investment officer of InnovestX Securities, adds: “The ChiNext 50 Index comprises 50 top-tier companies in China’s new economy sectors – known for high R&D investment across industries, such as electric vehicle batteries, fintech, automation, medical equipment and clean energy – historically outperforming China’s main market indices, such as the CSI300.”