HKEX Expands Index Business with Launch of HKEX Tech 100 Index
- New index tracks 100 companies listed in
Hong Kong across six major technology-focused themes - HKEX's first
Hong Kong equity index, marking a significant milestone in Group's index and data business development - HKEX enters licensing agreement with E Fund Management to issue an ETF in Chinese Mainland market
HKEX Tech 100 is a broad-based benchmark that tracks the performance of 100 of the largest
HKEX is also pleased to announce it has entered into a licensing agreement with E Fund Management Company Limited (E Fund Management), a leading Chinese Mainland asset management company, for the introduction of an exchange traded fund (ETF) based on HKEX Tech 100 in the Chinese Mainland.
HKEX Chief Executive Officer,
The index incorporates a fast-entry mechanism, enabling newly-listed companies that meet specific criteria to join the index outside of the regular review cycle after they become eligible for Stock Connect Southbound trading.
Dr
With the licensing agreement, E Fund Management plans to launch an ETF in the Chinese Mainland based on HKEX Tech 100, subject to regulatory approval and the issuer's further announcements. Going forward, HKEX will explore other index opportunities and work with industry partners in product development around its indices.
Index methodology and additional information about HKEX Tech 100 are available on the HKEX website.
View original content:https://www.prnewswire.com/news-releases/hkex-expands-index-business-with-launch-of-hkex-tech-100-index-302635994.html
SOURCE Hong Kong Exchanges and Clearing Limited (HKEX)
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