B · Normal
[The trading volume of many Southbound Stock Connect ETFs has increased significantly. Institutional investors: insurance funds may be buying] On September 21, the trading volume of many Southbound Hong Kong Connect ETFs (southbound) included in the interconnection mechanism was significantly higher than before. On August 18, the State Administration of Financial Supervision issued a document stating that it supports mainland insurance funds to participate in the interconnection of the financial markets between the mainland and Hong Kong, and supports mainland insurance institutions to invest in Hong Kong exchange-traded funds (ETFs) through the Shanghai-Shenzhen-Hong Kong Stock Connect.
An institutional source exclusively told a reporter from the China Securities Journal that some insurance institutions have recently received notices of relevant details or have begun to buy Southbound Stock Connect ETFs that are included in the interconnection mechanism, and other insurance institutions may follow suit. Industry insiders believe that with the entry of insurance funds into the market, the investor structure of southbound ETFs is expected to be further enriched, bringing more long-term funds to the market, increasing market activity, and further strengthening Hong Kong's important role as a cross-border asset allocation hub. (CSI Taurus)
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