The listings today will complement our widening array of A-share products in Hong Kong, and underpins our strategic commitment to continue to develop Hong Kong as Asia’s ETF marketplace.
Product development in Hong Kong’s Exchange Traded Products (ETPs) market, including Exchange Traded Funds (ETFs) and L&I Products, has started a chapter this year, with the listings of Hong Kong’s first iron ore futures ETF, first active equity ETF, first commodity L&I Products and an ETF constructed with a master-feeder fund structure.
Trading momentum in ETPs has been strong this year, generating average daily turnover of growing 34% to $7.1 billion in the first half of 2020, compared to $5.3 billion in the same period last year.
Earlier this month, HKEX announced the appointments of Janice Wu and Stephanie Lau to its Listing Division. Wu has been appointed Managing Director, Co-Head of IPO Vettin. Together Wu and Lau will have oversight of HKEX issuer listing applications.
HKEX also released Master SPSA service to improve pre-trading checking. Master SPSA facilitates more efficient pre-trade checking of Northbound sell orders and average pricing execution at the fund manager level.
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