TRACKER FUND OF HONG KONG marks its 25th anniversary. Financial Secretary Paul Chan expresses confidence in better connecting the mainland Chinese and international markets.
12/11/2024
GMT Eight
Hong Kong Financial Secretary Paul Chan Mo-po said in his speech at the 25th anniversary celebration of the TRACKER FUND OF HONG KONG that he is confident in continuing to innovate and better connect mainland China and international markets based on the development history of the TRACKER FUND OF HONG KONG in the past. He expects the trading of exchange-traded funds (ETFs) market to continue to grow and explore new opportunities. He also mentioned that Hong Kong will continue to connect global and mainland Chinese capital to maintain its status as an international financial center.
Paul Chan Mo-po pointed out that the Tracker Fund was once the largest ETF outside of Japan in Asia when it first went public, with an initial issuance size of HK$33.3 billion. Its market value has since grown more than threefold and is now the largest ETF in Hong Kong. Since being included in the Stock Connect in 2022, the ETF market has developed rapidly with efforts to expand the market and strengthen international networks, including the listing of Tracker Fund-related products on the Thai and Saudi Arabian stock exchanges to attract more global capital.
Hang Seng Bank CEO Becky Shiu noted that under the management of Hang Seng Investment Management, the AUM of the TRACKER FUND OF HONG KONG has increased by nearly 50% to as much as HK$178 billion in a 2-year period. From the beginning of the year to October, the total trading volume has been at the top of the Hong Kong stock market, reflecting investor confidence and the strong relationship between the value of the TRACKER FUND OF HONG KONG and Hang Seng Investment Management.
Becky Shiu further pointed out that through the products of the TRACKER FUND OF HONG KONG, they are expanding the Hong Kong market to new regions, allowing international investors to further access channels for investing in the Hong Kong and mainland Chinese markets, thereby strengthening Hong Kong's financial hub status and super-connector role. They plan to further expand the global footprint of the fund to attract more global investments in the future.
Chairman of the TRACKER FUND OF HONG KONG Supervisory Committee Wang Guolong stated that the asset management scale of the TRACKER FUND OF HONG KONG continues to grow, becoming the largest ETF in the market, and serving as a successful example of Hong Kong as a global financial, commercial, and entrepreneurial activity center. Hang Seng Investment's rich experience in the industry makes it an ideal manager for the TRACKER FUND OF HONG KONG.
Li Pui-sim, Director and CEO of Hang Seng Investment Management Limited, said that since taking over as the manager of the TRACKER FUND OF HONG KONG, the company has been dedicated to expanding its global influence, introducing new investment products in China and Asia, and attracting new funds to the Hong Kong stock market. She emphasized that the company will continue to explore new markets globally, increase investment channels, and further develop the TRACKER FUND OF HONG KONG.