Global X ETFs has launched the Global X China Core TECH ETF (3448) on the Hong Kong Stock Exchange, offering investors access to China’s high-tech leaders.
The ETF tracks the Mirae Asset China Tech Top 30 Index, which is designed to track mainland China and Hong Kong SAR’s leading technology companies by market capitalisation across next-generation technology sectors.
These companies are involved in digital transformation (semiconductors, software, hardware, telecom equipment), future mobility (EVs, battery, robotics), and “advanced solutions” (biotech, medtech, industrial automation and smart manufacturing), according to a statement by Mirae.
A key feature of this technology-focused ETF is that it has limited exposure to internet companies, which makes it different from other technology indices such as the Hang Seng TECH Index, it added.
Wanyoun CHO, chief executive officer of Mirae Asset Global Investments (Hong Kong), said: “Chinese innovators have evolved from cost competitors to global leaders across frontier technologies. Our ETF breaks new ground by making this growth story accessible to all investors through a single-share structure, allowing precise participation in China’s tech revolution.”
The MSCI China Index is up 32.75% from a year ago and 17.18% year to date, according to FE fundinfo.
Specific sectors have performed well despite the US tariff uncertainties, deflationary pressures in China and continued problems in the country’s property sector.
Socks connected to AI-related infrastructure and smart manufacturing, as well as in the innovative drugs sector have done well, while investors have also focussed on the domestic consumption theme.
The Global X China Core TECH ETFis now available for trading through brokerage platforms in Hong Kong with an estimated single management fee of 0.68%. It is being sold at HK$90 per lot of initial issue price.
Global X is a member of Mirae Asset Financial Group, which has around $613.8bn in AUM as of 31 December 2024, according to the group.
