The Chairman of Hong Kong Exchanges and Clearing Limited (HKEx) Ronald Arculli said today (Friday) that the market for Exchange Traded Funds (ETFs) in Asia is largely untapped, creating a number of opportunities for both issuers and investors.
Speaking at the Conference on Development of ETFs and Other Index Products held in Hong Kong, Mr Arculli said the growth of ETFs has been strong in Hong Kong and they are increasingly popular in the region.
"Given that Asian investors are increasingly viewing ETFs as an important part of their portfolios, the ETF market in Asia has presented huge opportunities,” he said. “We are exploring the possibility of more cross-border ETFs with the Shanghai Stock Exchange (SSE), which would provide Mainland investors with exposure to the Hong Kong stock market and vice versa. This involves cooperation between our two exchanges, and also with the relevant regulatory bodies.”
The conference was jointly organised by HKEx and SSE to provide an opportunity for regulators and industry participants to discuss the development of the ETF market and other index products in the Mainland, Hong Kong and other markets.
In addition to Mr Arculli, Zhang Yujun, President of SSE, also made an opening address at the conference. Keynote speakers included HKSAR Secretary for Financial Services and the Treasury Professor K C Chan and Wang Lin, the China Securities Regulatory Commission’s Director-general of Department of Fund Supervision. The Executive Director and Deputy Chief Executive Officer of Hong Kong Securities and Futures Commission Alexa Lam also addressed the participants of the conference; HKEx Chief Executive Charles Li delivered the closing remarks.
The day-long conference included three panel discussions: “Roles of indexes in the development of ETFs and index products”; “Internationalisation of Mainland ETFs and other index products”; and “Liquidity provision for ETFs and cross-product interaction” during which industry participants exchanged their views on recent developments and trends in the index product industry.
Around 200 representatives from fund houses, index companies and brokerage firms from the Mainland and Hong Kong attended the conference.
The speeches and presentation materials from the conference are available for viewing on the HKEx website.
Hong Kong Exchanges and Clearing Limited Chairman Ronald Arculli delivers an opening address at the Conference on Development of ETFs and Other Index Products.
Shanghai Stock Exchange President Zhang Yujun delivers an opening address at the Conference on Development of ETFs and Other Index Products.
Professor K C Chan, the HKSAR’s Secretary for Financial Services and the Treasury, makes a keynote speech at the Conference on Development of ETFs and Other Index Products.