The first ETF tracking the "HKEX Technology 100 Index" will be officially listed in Hong Kong on June 26; HKEX Group Chief Information Officer Liang Zhenying and Market Department Head Yu Guoqiang held a briefing on Thursday, announcing that HKEX is in talks with issuers in Hong Kong and mainland China to launch more ETFs linked to its proprietary indices, and is exploring product forms from futures to over-the-counter derivatives, with plans to build a complete investment ecosystem around its proprietary indices.
HKEX Technology 100 Index Coverage and Year-to-Date Performance of Proprietary Indices
The HKEX Technology 100 Index tracks the 100 largest technology companies listed in Hong Kong, covering six major industries including artificial intelligence, robotics, and biotechnology.
The year-to-date performance of each of HKEX's proprietary indices is as follows:
HKEX KRX Semiconductor Index: +93%
HKEX Technology 100 Index: -9.8%
HKEX Malaysia Large Cap Index: -9.5%
HKEX Technology and US Technology 100 Index: -21%
For comparison, the Hang Seng Index is down 9.96% year-to-date, and the Hang Seng Tech Index is down 20%.
Fast Entry Mechanism: Plan Highlights and Current Progress
Liang Zhenying stated at Thursday's briefing that HKEX will introduce a "fast entry mechanism" for the Technology 100 Index, aiming to allow newly listed technology companies and startups to be quickly included as index constituents, making the index more immediately reflect market structural changes. The official did not provide a specific launch date for the fast entry mechanism.
Index Business Expansion Direction: Fixed Income and Commodities, No Specific Timeline
Yu Guoqiang stated on Thursday that the long-term goal of HKEX's index business is to expand from the current equity category to fixed income and commodities, ultimately covering all major asset classes. Yu Guoqiang clearly stated that this plan currently has no specific timeline.
In addition to the Technology 100 Index, HKEX has launched three cross-market benchmark indices: the HKEX Technology and US Technology 100 Index, the HKEX Malaysia Large Cap Index, and the HKEX Korea Semiconductor Index.
Frequently Asked Questions
Who compiles the HKEX Technology 100 Index, and how is it different from the Hang Seng Index compiler?
The HKEX Technology 100 Index is developed and compiled by Hong Kong Exchanges and Clearing Limited. The Hang Seng Index series is compiled by Hang Seng Indexes Company Limited, established in 1984, and typically reviews constituents on a quarterly basis. The compiling organizations and review mechanisms of the two are independent of each other.
What asset does the ETF listed on Friday track, and is it the only Technology 100 ETF?
The ETF listed on Friday tracks the spot performance of the HKEX Technology 100 Index, and is the first ETF tracking this index. According to the official statement from the briefing, HKEX is in talks with issuers in Hong Kong and mainland China to launch more ETFs linked to its proprietary indices, but the specific names and listing schedules have not been announced.
What specific investment products does HKEX plan to add to its index ecosystem?
According to the official statement from Thursday's briefing, HKEX is exploring product types including futures and over-the-counter derivatives (OTC Derivatives). Yu Guoqiang stated that the index business will cover fixed income and commodities in the long term, but there is currently no specific timeline.
