Hong Kong Exchanges and Clearing Ltd. listed the first exchange-traded fund tracking its HKEX Tech 100 Index on Friday, marking the debut of an investment product based on an HKEX-branded equity index. The E Fund (HK) HKEX Tech 100 Index ETF (3456) launched on the 26th anniversary of HKEX's own listing as a publicly traded company. The index tracks the 100 largest technology-related companies by market capitalization listed in Hong Kong.
Hong Kong Exchanges and Clearing Ltd. listed the first ETF tracking its HKEX Tech 100 Index on Friday, a milestone in the exchange operator's push to build an index business that generates new revenue from investment products.
"We are delighted to celebrate the listing of the first ETF based on an HKEX branded index," Bonnie Y Chan, chief executive officer of HKEX, said in a statement. "This ETF combines a representative Hong Kong technology benchmark with a widely accessible investment vehicle, supporting investors in diversifying their portfolios."
The E Fund (HK) HKEX Tech 100 Index ETF, trading under stock code 3456, debuted on the 26th anniversary of HKEX's own listing as a publicly traded company in 2000. The HKEX Tech 100 is a broad-based index tracking the 100 largest technology-related companies by market capitalization listed in Hong Kong, spanning new economy sectors including internet, software and hardware. The index comprises stocks eligible for Southbound trading under Stock Connect, the cross-border investment channel linking Hong Kong and mainland China.
The listing marks the first time an investment product has been built on an HKEX-branded equity index, opening a new revenue stream for the exchange group as it competes with established index providers such as MSCI and S&P Dow Jones. HKEX has also recently launched the HKEX Bursa Malaysia Large Cap Index, the HKEX KRX Semiconductor Index and the HKEX Tech & US Tech 100 Index, part of a broader strategy to strengthen market connectivity across Asia.
"E Fund is deeply honored to be the first institution to launch this ETF," said Liu Xiaoyan, chairperson of E Fund Management Co Ltd. "The index brings together 100 of the high-potential technology companies in the Hong Kong market, and we hope to open an efficient gateway for global investors to participate in the future of China's technology sector."
Since becoming a publicly traded company in 2000, HKEX has evolved from a local exchange into a leading global market operator, according to the company. The exchange group has been expanding its index business to diversify revenue beyond traditional trading and clearing fees, which have faced pressure from lower turnover in recent years.
The HKEX Tech 100 Index was designed to address growing demand for diversified exposure to the technology sector, the exchange said. The index's eligibility for Southbound Stock Connect trading means mainland Chinese investors can access the constituent stocks through the cross-border channel, a feature that distinguishes it from other Hong Kong tech benchmarks.
HKEX said it will continue to work with asset managers and index users to develop new index-based products, reinforcing Hong Kong's position as an international financial center and gateway between China and global markets.
This article is for informational purposes only and does not constitute investment advice.
