CSOP To Bring CSOP Hang Seng TECH Index ETF (Stock Ticker:3033.HK) To List On The HKEX

HONG KONG, Aug 28 (Bernama-BUSINESS WIRE) -- CSOP Asset Management Limited (“CSOP”) is proud to announce the listing of CSOP Hang Seng TECH Index ETF (stock ticker: 3033.HK) on Hong Kong Stock Exchange. As the first ETF tracking the newly launched Hang Seng TECH index, CSOP Hang Seng TECH Index ETF will enable global investors to catch the investment opportunities brought by the fast growing technology sector and the increasing number of technology companies that are listed in Hong Kong. With listing price at around HKD 7.5 per unit, trading lot of 200 and management fee of 0.99%, CSOP Hang Seng TECH Index ETF will start to trade on August 28, 2020. Upon inception, 3033.HK has received USD 24million initial investment. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200827005346/en/

Under the background of more and more Chinese technology giants choosing Hong Kong as the secondary listing place, Hang Seng TECH Index was launched on 27 July 2020 to track the 30 largest technology companies listed in Hong Kong. Designed as one of the flagship indices of Hang Seng Index Company Limited, the index consists of Hong Kong-listed companies that have high business exposure to selected technology themes, including internet, fintech, cloud, e-commerce and digital activities. Eligible stocks will be further filtered by criteria of whether they operate via a technology-enabled platform, their research and development expenses to revenue ratio, and their revenue growth. The qualified largest 30 stocks in terms of market capitalization will be selected as index constituents with quarterly review. In consideration of the upcoming sizable technology companies, a Fast Entry Rule will also be applied to make sure a timely inclusion of these qualified potential constituents. According to Hang Seng Indexes Company Limited’s back-testing data, the Hang Seng TECH Index would have achieved significant returns of 36.2% and 35.3% for the full year of 2019 and the first half of 2020 respectively.¹

As a leading ETF manager in Hong Kong, CSOP has already dedicated to providing ETFs/ETPs to global investors for 8 years. With half of the top traded ETFs/ETPs in Hong Kong being from CSOP², CSOP has already established its brand as a reliable ETF issuer in Hong Kong. “We are excited to partner and support CSOP with the launch of market first’s Hang Seng Tech Index ETF,” said Patrick Wong, Head of China Sales and Business Development, HSBC Securities Services. “The new tech index aims to capture increasing investor interest in the technology sector which closely ties with the new economy theme. The introduction of such ETFs not only provide more investment avenues for investors but also furthers Hong Kong's position as an international financial hub.” Anita Mo, Deputy Chief Executive Officer of Hang Seng Indexes Company, said: "The listing of Hang Seng TECH Index ETF product in Hong Kong will help to promote Hong Kong as a major financial center for international technology companies and attract more investment funds into related ETFs. Following the launch of Hang Seng TECH Index (“HSTECH”), we hope that our index will reflect the performance of technology sector which is a growing segment in Hong Kong and attract more HSTECH Index-linked ETF products to be offered in the market." Melody He, Managing Director, Head of Business Development and Product Strategy & Solutions, said: “Reported as Nasdaq of the east by many western medias, The Hang Seng TECH Index is widely deemed as a benchmark of technology theme stocks listed in Hong Kong. Tracking the Hang Seng TECH Index, 3033.HK will meet the increasing investment demand of this technology sector among investors, offering market an easy, transparent and efficient investment tool to replicate the performance of the fast-growing Chinese technology sector.” For details, including risk factors, please refer to the offering documents. http://mrem.bernama.com/viewsm.php?idm=38022