Eight Fund Managers File Cross-Border Smart Driving ETFs in One Day
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On September 11, eight major Chinese fund managers—China Southern Asset Management, Yongying Fund, China Universal Asset Management, E Fund, Ping An Fund, Bosera Funds, GF Fund, and ICBC Credit Suisse—collectively submitted applications for the CSI Shanghai-Shenzhen-Hong Kong Smart Driving Thematic ETF. This index spans the Shanghai, Shenzhen, and Hong Kong markets, covering multiple sectors related to smart driving, allowing investors to gain integrated exposure to China's smart driving industry through a single ETF product. The move follows a statement in August by Wu Qing, Chairman of the China Securities Regulatory Commission (CSRC), who said in Hong Kong that the regulator supports closer cooperation between index companies in both regions, launching more indices based on Chinese assets, and encouraging industry institutions to introduce more cross-market ETF products aligned with China's modernized industrial system. The collective filing is seen as concrete implementation of initiatives to deepen cross-border cooperation and coordinated development between the two regions.
Source report
On September 11, eight major fund managers—including China Southern Asset Management, Yongying Fund, China Universal Asset Management, E Fund, Ping An Fund, Bosera Funds, GF Fund Management, and ICBC Credit Suisse Asset Management—collectively filed for the CSI Shanghai-Shenzhen-Hong Kong Smart Driving Thematic ETF.
This index spans the Shanghai, Shenzhen, and Hong Kong markets and covers multiple sectors related to smart driving. It enables investors to achieve integrated exposure to China's smart driving industry through a single ETF product.
Regulatory Context
In August this year, Wu Qing, Chairman of the China Securities Regulatory Commission (CSRC), stated in Hong Kong that the Commission:
- Supports closer cooperation between index providers in both regions
- Encourages the launch of more indices based on Chinese assets
- Promotes the introduction of more ETF products that span both markets and align with China's modern industrial system
According to sources, the collective filing of the CSI Shanghai-Shenzhen-Hong Kong Smart Driving Thematic ETF represents concrete action to implement the deployment for deepening cross-border cooperation and coordinated development between the two regions.
(Source: Yicai)
Source
thsEastern