Several Hong Kong Stock Connect ETFs posted a sharp rise in turnover on Sept. 21, with some products hitting record trading levels, according to an Odaily report citing China Securities Golden Bull. Wind data showed that CSOP Dongxi Select (3441) recorded HK$339 million in turnover for the day, compared with daily turnover below HK$100 million throughout the past three months. Ping An Technology Select (3406) and Ping An Dongxi Select (3477) each logged more than HK$100 million in turnover, both setting record highs while also showing a clear surge in activity. One institutional source said some insurers have recently received notice of relevant implementation details and may have started buying Hong Kong Stock Connect ETFs included in the mutual market access mechanism. The person added that other insurance institutions may follow. Industry participants said the entry of insurance capital could broaden the investor base for southbound ETF products, bring in more long-term funds, lift market activity, and strengthen Hong Kong’s role as a hub for cross-border asset allocation.
Several southbound Hong Kong Stock Connect ETFs recorded a notable jump in trading volume on Sept. 21, according to Odaily, which cited China Securities Golden Bull.
Wind data showed that CSOP Dongxi Select (3441) posted HK$339 million in turnover on the day. Over the past three months, the ETF’s daily turnover had remained below HK$100 million.
Ping An Technology Select (3406) and Ping An Dongxi Select (3477) each recorded more than HK$100 million in turnover on Sept. 21. Both products set fresh record highs in daily turnover, with trading activity rising sharply.
One institutional source said some insurance institutions have recently received notice of relevant implementation details and may have started buying Hong Kong Stock Connect ETFs that are included in the mutual market access mechanism. The source added that other insurers may follow.
Industry participants said the arrival of insurance capital could broaden the investor mix in southbound ETF products, bring more long-term funds into the market, improve trading activity, and reinforce Hong Kong’s role as a hub for cross-border asset allocation.
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