HKEx Welcomes Its First ETF On A CESC Index

26/08/2013

Hong Kong Exchanges and Clearing Limited (HKEx) welcomes today’s listing of the ChinaAMC CES China A80 Index Exchange Traded Fund (ETF), the first ETF on an index from China Exchanges Services Company Limited (CESC), HKEx’s joint venture with the Shanghai and Shenzhen stock exchanges.

The CES China A80 Index is part of the China Cross Border Index Series developed by CESC.

The ChinaAMC CES China A80 Index ETF is the first CESC index product in HKEx’s securities market, the seventh Renminbi Qualified Foreign Institutional Investors (RQFII) ETF listed in Hong Kong and the seventh ETF available for trading and settlement in both renminbi (RMB) and Hong Kong dollars (HKD) at HKEx. The stock codes of the ETF are 3180 (HKD) and 83180 (RMB).

With today’s listing, there are nine RMB-denominated ETFs on the Stock Exchange and the total number of listed ETFs has increased to 112, compared with 100 at the end of last year.

Average daily turnover of ETFs at HKEx in the first seven months of the year was up 160 per cent from the same period last year and the sector accounted for 6.5 per cent of securities market turnover between 1 January and 31 July, up from 3 per cent in the first seven months of last year. Three of the top four ETFs by turnover value and seven of the top 10, including the top two, were A-share ETFs (please see Table 1 below). In addition, there were three HKD-traded counters and two RMB-traded counters of A-share ETFs in the top 10 ETF counters by turnover value (please see Table 2 below).

"The launch of our first ETF on a CESC index is another milestone for us and CESC,” said HKEx Chief Executive Charles Li. “We launched CES China 120 Index futures, our first CESC index futures, about two weeks ago and hope to have more CESC products in our markets in the next several months.

“CESC opened for business in late October of last year and we are very proud of its many achievements in its first 10 months,” Mr Li added. “Its success shows there are plenty of opportunities for us to work with Mainland exchanges in mutually beneficial ways.”

 

Table 1: Top 10 ETFs by HKD Turnover Value at HKEx (Jan-Jul 2013)

Rank

Stock Code

Name

1

2823

iShares FTSE A50 China Index ETF*

2

2822 & 82822

CSOP FTSE China A50 ETF*#

3

2800

Tracker Fund of Hong Kong

4

3188 & 83188

ChinaAMC CSI 300 Index ETF*#

5

2828

Hang Seng H-Share Index ETF

6

3100 & 83100

E Fund CSI 100 A-Share Index ETF*#

7

2827

W.I.S.E - CSI 300 China Tracker*

8

3049

db x-trackers CSI300 UCITS ETF*

9

2840

SPDR Gold Trust

10

3118 & 83118

Harvest MSCI China A Index ETF*#

 

* A-share ETF
# RQFII ETF

 

Table 2: Top 10 ETF Counters by HKD Turnover Value at HKEx (Jan-Jul 2013)

Rank

Stock Code

Name

Trading Currency

1

2823

iShares FTSE A50 China Index ETF*

HKD

2

2822

CSOP FTSE China A50 ETF*#

HKD

3

2800

Tracker Fund of Hong Kong

HKD

4

3188

ChinaAMC CSI 300 Index ETF*#

HKD

5

2828

Hang Seng H-Share Index ETF

HKD

6

83188

ChinaAMC CSI 300 Index ETF*#

RMB

7

82822

CSOP FTSE China A50 ETF*#

RMB

8

2827

W.I.S.E - CSI 300 China Tracker*

HKD

9

3100

E Fund CSI 100 A-Share Index ETF*#

HKD

10

3049

db x-trackers CSI300 UCITS ETF*

HKD

* A-share ETF
# RQFII ETF