Public offerings heat up Guangdong, Hong Kong, and Macau Greater Bay Area ETFs why they are favored
Source: Beijing Commercial Daily. The ETF market continues to gain momentum in 2019. Major fund companies are simultaneously exploring market gaps and looking for subdivided 成都桑拿网 topics with investment value.
A reporter from Beijing Commercial Daily noted that the Guangdong-Hong Kong-Macao Greater Bay Area theme ETF is becoming a sight for fund companies.
Recently, the ICBC Credit Suisse Guangdong-Hong Kong-Macao Greater Bay Area Innovation 100ETF was newly approved. In addition to ICBC Credit Suisse, Huaxia Fund and other large fund companies have also declared this type of new product.
Why the theme of Guangdong-Hong Kong-Macao Greater Bay Area was put together by public fund companies?
Also attracted much market attention.
On the track of the Guangdong-Hong Kong-Macao Greater Bay Area ETF, ICBC Credit Suisse is running at the forefront.
A reporter from Beijing Commercial Daily was informed that the company ‘s application for ICBC Credit Suisse ‘s Guangdong-Hong Kong-Macao Greater Bay Area Innovation 100ETF on May 15 this year has been officially approved. It is the first domestic investment in Guangdong-Hong Kong-Macao Greater Bay Area stocks with investment targets spanning Shanghai, Shenzhen and Hong Kong.A cross-border ETF fund across the Taiwan Strait and the Mainland. The underlying index tracked by the fund is the Guangdong-Hong Kong-Macao Greater Bay Area Innovation 100 Index.
It is worth mentioning that, similar to ICBC Credit Suisse’s heroes, there are also Huaxia, Nanfang, and Guangfa Fund, which all applied for the Guangdong-Hong Kong-Macao Greater Bay Area Innovation 100ETF on May 16 this year, which is yet to be approved by the CSRC.
A Beijing Business Daily reporter found that the Guangdong-Hong Kong-Macao Greater Bay Area Innovation 100 Index was just released on April 9 this year.
The index is compiled by listing on the Shanghai Stock Exchange, Shenzhen Stock Exchange and Hong Kong Stock Exchange, meeting the requirements of the Shanghai-Hong Kong Stock Connect or Shenzhen-Hong Kong Stock Connect, and the registration place of the stock issue owner or the stock of the headquarters in the Guangdong-Hong Kong-Macao Greater Bay Area.Shanghai, Hong Kong and Shenzhen.
Screened companies belonging to advanced manufacturing, strategic emerging industries, modern service industries, and marine economic industries, combined with CCID Research’s evaluation of listed companies’ innovation capabilities, and the company’s market value, industry size, industry coverage and other factors.Select 100 stocks as index sample stocks.
In addition, the poor quality of the Guangdong-Hong Kong-Macao Greater Bay Area Innovation 100 Index is mainly distributed in financial real estate, optional consumption, and information technology industries. Due to its focus on increasing the ability to select stocks for innovation, the weight of the information technology industry is significantly higher thanOther indices.
Fund companies usually pay extra attention to the validity of the index and the simulated performance when selecting the underlying index.
The data shows that if June 30, 2017 is the base date, June 30, 2017 to June 28, 2019, the cumulative return of the Guangdong-Hong Kong-Macao Greater Bay Area Innovation 100 Index will reach 18.
21%, while the cumulative returns of the Shanghai and Shenzhen 300 Index increased by 4 during the same period.
33%, SSE 50 Index cumulative income injected 14.
In fact, in addition to the Guangdong-Hong Kong-Macao Greater Bay Area Innovation 100 Index ETF, the CCB Fund and China Merchants Fund respectively announced the CSI Shanghai-Hong Kong-Shenzhen-Hong Kong-Macao Greater Bay Area Development Theme ETF and the Hang Seng Shanghai-Hong Kong-Shenzhen Greater Bay Area Innovation Select 50 ETF.
However, long before the launch of the Guangdong-Hong Kong-Macao Greater Bay Area themed ETF, there were also the Huitian Fuzhong Securities CSI Integrated Development Theme ETF, the GF CSI Beijing-Tianjin-Hebei Coordinated Development Theme ETF, and the South China Securities Hangzhou Bay Area ETF.Regional ETFs have been established one after another.
However, from the perspective of the fund company’s application, the Guangdong-Hong Kong-Macao Greater Bay Area theme ETF seems to be even hotter.
Why is the investment value of the Guangdong-Hong Kong-Macao Greater Bay Area theme favored by public offerings?
In this regard, a brokerage agency industry in East China told a reporter from the Beijing Commercial Daily that the performance of the secondary market in the review of the secondary market shows that the theme of Guangdong, Hong Kong and Macau is relatively impressive compared to the broader market.
The institutional investors’ optimism about the theme of Guangdong, Hong Kong and Macau is mainly based on two points. First, the national policy is sufficiently high in strategic significance and sufficient in policy support; the second is the economic endowment of the Guangdong, Hong Kong, Macao Greater Bay Area radiation zone itself is very high, fundamentalsExcellent.
”The Guangdong-Hong Kong-Macao Greater Bay Area is an upgraded version of the Guangdong-Hong Kong-Macao Free Trade Zone, including nine cities in Guangdong (Guangzhou, Shenzhen, Zhuhai, Dongguan, Huizhou, Zhongshan, Foshan, Zhaoqing, Jiangmen), connecting Hong Kong and Macau.It is the radiating Pearl River Delta. Geographically, the area is a highland that is open to the outside world.
From the perspective of economic foundation, the Greater Bay Area covers the most economically developed Pearl River Delta urban agglomeration in the country. Less than 1% of the land and 5% of the population create 13% of the country’s economic volume. At the same time, it has the largest seaport group and airport in the world.When the strategy is proposed, it targets the three world-class bay areas, with huge growth potential.
“The aforementioned experts added.
China Merchants Fund also pointed out that advancing the construction of the Guangdong-Hong Kong-Macao Greater Bay Area is a major decision made by the Party Central Committee and is a national strategy that General Secretary Xi Jinping personally planned, personally deployed, and personally promoted.
On February 18, 2019, the Central Committee of the Communist Party of China and the State Council issued the “Outline of Development Planning for the Guangdong-Hong Kong-Macao Greater Bay Area”.
According to the planning outline, the Guangdong-Hong Kong-Macao Greater Bay Area must be built into a vibrant world-class city cluster, an international scientific and technological innovation center, and an important support for the construction of the “Belt and Road” initiative. The in-depth cooperation demonstration zone between the Mainland and Hong Kong and Macao must also be made livable and suitable for business.Yiyou’s high-quality life circle has become a model that can be developed, with the four central cities of Hong Kong, Macau, Guangzhou and Shenzhen as the core engine of regional development.
In addition, some market analysts pointed out that the development of the Guangdong, Hong Kong and Macau Greater Bay Area, which mainly includes internal construction, restructuring logistics, high-end manufacturing, finance, real estate and other internal sectors, may become the first to benefit from the sector, which holds huge investment potential.
Beijing Business Daily reporter Changchun Su / Wen Jia Cong Cong / watchmaking