Hong Kong Securities and Futures Commission: Hong Kong's first actively managed ETF listed in cross-border trading

On July 9, the Hong Kong Securities and Futures Commission welcomed the first actively traded exchange-traded fund (ETF) to be listed for mutual recognition in Hong Kong. This mutual recognition listing, using a connected fund structure, benefited from simplified requirements applicable to qualifying ETFs. This not only introduces the world's largest actively managed ETF strategy to the Hong Kong market, enriching the product choices for local investors, but also demonstrates Hong Kong's competitiveness in attracting overseas ETFs. In addition to the recently signed Memorandum of Understanding on fund mutual recognition arrangements between Hong Kong and Ireland, this new connected ETF investing in an Irish master ETF further confirms the close connection between the two markets. Ms. Cai Fengyi, Executive Director of the Investment Products Division of the Hong Kong Securities and Futures Commission, stated: "The listing of this actively traded ETF highlights Hong Kong's unique role as a gateway for international asset management companies seeking access to the dynamic investor base in the Asia Pacific region, while also demonstrating the Commission's commitment to promoting international cooperation in the asset management field."