The net inflow of Shanghai and Shenzhen Stock Connect ETF transactions on the first day of 147.5 million yuan in the Mainland ETF market is expected to usher in a new round of growth

5Jul

Wen | Xing Meng Wu Xiaolu

On July 4, ETF was officially opened in the interconnection mechanism of the mainland and the Hong Kong stock market transaction interoperability (hereinafter referred to as "interconnected interoperability"). On the first day of the transaction, the Shanghai -Shenzhen -Hong Kong Stock Connect ETF market performed well and was highly sought after by funds. According to data from the Hong Kong Stock Exchange website, on July 4, the Shanghai Stock Connect ETF transactions were 140 million yuan (RMB, the same below), and the Shenzhen Stock Connect ETF transaction was 7.48 million yuan. Because the Shanghai -Shenzhen Stock Connect ETF bought the share of the day, it could not be sold on the same day, which means that on July 4th, the net inflow of the Shanghai -Shenzhen Stock Connect ETF net inflow funds totaled about 147.5 million yuan. Interviewed experts believe that after ETF is officially included in the interconnection, the special industry theme products of the mainland stock market will strongly attract foreign investors, continue to promote the influx of international increase in capital, accelerate the increase of liquidity, and bring growth opportunities to the ETF market in the Mainland. The size of the ETF market between the two places has continued to expand. "In recent years, the turnover of Shanghai -Hong Kong Stock Connect has gradually increased, with a cumulative turnover of 5.2 trillion yuan. At the same time, the Shanghai Stock Exchange's ETF market has developed well. , The market value of 1.2 trillion yuan and a turnover of 6.6 trillion yuan, the transaction scale ranked first in Asia. "On July 4, at the opening ceremony of the interconnection mechanism of the mainland and the Hong Kong stock market, the Shanghai Stock Exchange General Generally Manager Cai Jianchun introduced. In addition, the Shenzhen Stock Exchange has currently cultivated a group of ETF products with distinctive characteristics and greater influence, covering multiple domestic and foreign markets. According to the Shenzhen Stock Exchange data, as of the end of June, 65 fund managers in Shenzhen City were listed on 564 funds with an asset scale of 347 billion yuan. Among them, there are 255 ETFs, and the asset scale is 285.2 billion yuan. Shayan, general manager of Shenzhen Stock Exchange, said at the opening ceremony, "As an investment product widely recognized at home and abroad, ETF has the advantages of decentralized investment, openness and transparency, low transaction costs, and high efficiency." Sheng said that ETF is one of the fastest -growing products in the Hong Kong market. The asset management scale of ETFs listed in Hong Kong exceeds 430 billion Hong Kong dollars, with an average daily turnover of more than 11 billion Hong Kong dollars. 4%increased to 8%now. In 2021, the Hong Kong market ushered in 33 new ETF products, bringing new funds for 80 billion Hong Kong dollars. "The ETF market in the Mainland has achieved rapid development in the past few years, and has continuously expanded the quantity and scale. The investment direction and investment theme have been rich in investment. Luo Guoqing, the person in charge of the department, said in an interview with the Securities Daily reporter. The first batch of specialty products attracted A -share ETFs or more beneficiated with the first batch of ETF products that were included in the interconnection of the Mainland and Hong Kong stock markets. Among them, there are 83 ETFs of Shanghai and Shenzhen Stock Connect, and there are 4 ETFs in Hong Kong Stock Connect. Specifically, 83 Mainland ETFs cover core broad -foundation products such as CSI 300ETF, CSI 500ETF, Shanghai Stock Exchange 50ETF, GEM ETF, etc., but also cover securities ETF, chip ETF, 5GETF, new energy vehicle ETF, Consumer ETF, Carbon CIMC And industry -themed products such as ETF. "In general, the Shanghai -Shenzhen Stock Connect ETF products are not only large, rich in categories, good liquidity, and large scale. At the same time, there are no similar alternatives in the Hong Kong market. Xuan Wei told the "Securities Daily" reporter that especially the theme ETF of some industries, such as the new energy vehicle industry is competitive in the international market, the food and beverage sector is also the focus of north -directional funds, with the characteristics of high ROE and the steady performance growth rate. These The industry's corresponding ETF products are highly attractive. Xuan Wei further said that from the perspective of 30 ETF products of Shenzhen Stock Connect, it fully reflects the advantages of rich and outstanding investment value of the Shenzhen Stock Exchange. On the one hand, the product types are relatively comprehensive. Among them, the wide -based product tracking index includes the CSI 500 Index, the CSI 300 Index, the GEM Index, and the Shenzhen Certificate 100 Index. Market representative and investment value, while the industry -themed ETF is more abundant, including mainstream track varieties such as technology and consumption, and also valuable products. Related ETFs have a high reputation in the market. In addition, the leading advantage of the product is very obvious, with very high transaction activity. "In the initial stage, the A -share ETF may benefit more." Luo Guoqing said that the attraction of the A -share ETF to the Hong Kong market is mainly reflected in the richness and scarcity of investment targets. At present, the A -share ETF issued by the Hong Kong market is mainly concentrated in a few core broad -foundation indexes. And A shares have more broad -foundation ETFs, industry ETFs, theme ETFs, and Strategic ETF options, which provide richer investment categories and more fine industry tracks. Xuan Wei also believes that related investment products and sectors are relatively scarce in the Hong Kong stock market, which has a strong attractiveness for international investors and can help them invest more conveniently to invest in the mainland market. The ETF market in the Mainland is expected to usher in huge growth opportunities in the industry. The industry generally believes that after the integration of ETFs into interconnection transactions, it will bring huge room for growth to the mainland market.

Sha Yan said that incorporating ETF into the interconnection is conducive to enriching cross -border investment varieties, providing more investment convenience and opportunities for domestic and foreign investors, and promoting the continuous and stable and healthy development of markets in the two places. "The interconnection mechanism is further included in ETF, taking an important step in the new development process. International investors will have the opportunity to greatly increase investment in the ETF market in the Mainland. Investment tools to achieve diversified asset allocation. "The Champions League said so. Luo Guoqing believes that after ETF is included in the interconnection, foreign investors can invest more convenient and efficiently to invest in A shares with ETFs, especially those who want to allocate A shares but have insufficient understanding of A shares. Come to a certain amount of incremental funds. "In the long run, ETF's inclusion of interconnection will bring great growth opportunities to the domestic ETF market, which is conducive to Hong Kong and overseas investors more refinedly layout the A -share subdivisions and hot tracks, and bring the domestic ETF market. Come to more professional investors and new liquidity. "Xuan Wei analyzed that for the mainland market, it will broaden the channels for overseas investors to enter the channel and optimize the market structure of the market. International status; for the Hong Kong capital market, in the long run, it will help develop into an ETF hub, highlighting Hong Kong as an important role in connecting the international capital and the mainland market. Xuan Wei further stated that ETF's incorporation of interconnection will further expand the scale of interconnection between the Mainland and the Hong Kong capital market, which is conducive to strengthening the cooperation between the Mainland and Hong Kong in a larger, higher level, and deeper extent to enhance the international competition in my country's financial industry Power and serving real economic capabilities. UBS Global Financial Marketing Landlord Ming said that as a more flexible and convenient tool, ETF will improve investment decision -making efficiency and enrich the Chinese market trading strategy. In particular, some unique themes and scarce industries involved in the mainland stock market have enriched the investment target and are attractive to overseas investors in investment and transaction types. It is expected that ETF interconnection will drive about 10%of the A -share market transactions and funds. Recommended reading

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