On July 4th, the ETF Connect Program celebrated its two-year anniversary, marking a milestone in facilitating two-way capital flows between mainland China and Hong Kong for eligible ETFs. The program has grown significantly since its inception, with the number of eligible ETFs rising from 87 to 151, and monthly Northbound trading volume increasing from US$55 million to US$2.98 billion as of June 2024.
The current eligible ETFs include 84 listed on the Shanghai Stock Exchange, 57 on the Shenzhen Stock Exchange, and 10 on the Hong Kong Stock Exchange. E Fund Management, the largest fund manager in China, has 14 ETFs included in the program, covering various indexes such as the CSI 300 Index, STAR 50 Index, CSI Artificial Intelligence Index, and CSI Dividend Index. E Fund's offerings have an average management fee of less than 0.3% per annum, demonstrating its commitment to providing cost-effective investment solutions.
The program is set to expand further on July 22nd, providing offshore investors with more options for exposure to the A-share capital market and enhancing liquidity and trading activity for relevant ETFs.
About E Fund
Established in 2001, E Fund Management Co., Ltd. is a leading fund manager in China with nearly RMB 3.3 trillion (US$454 billion) under management. It offers investment solutions to both onshore and offshore clients, including individuals and institutions such as central banks, sovereign wealth funds, social security funds, pension funds, insurance companies, and banks. E Fund is recognized for its responsible investment practices and is considered a trusted and outstanding Chinese asset manager.