On October 2nd, during the A-share market's closure, funds are positioning early via Hong Kong ETFs during the 'Golden Week'.

Today (October 2nd), the chinaamc star50 etf listed on the Hong Kong Stock Exchange skyrocketed, with an intraday increase of up to 200%, closing up 32.46%.

During trading, the fund manager of the STAR 50 ETF, Southern EASTOP Asset Management Co., Ltd., issued a risk warning notice, reminding shareholders of the related market trading risks, including but not limited to a significant premium in the secondary market price.

The announcement indicates that as of September 30, 2024, the net asset value per share of the sub-fund is 7.4243 RMB. Southern EASTOP stated in the announcement that shareholders should act cautiously when trading A-share ETFs, especially during the National Day holiday when the mainland securities market is closed.

The Southern EASTOP STAR 50 Index ETF (03109.HK) commenced trading on February 10, 2021, making it the first ETF tracking the STAR 50 index listed on the Hong Kong Stock Exchange.

It is understood that there are many products linked to the STAR 50 index currently. Domestic fund products related to the STAR 50 index cover various types such as ETFs, enhanced ETFs, off-exchange index funds, and linked funds, with the number of domestic fund products reaching 26. At the same time, STAR 50 index products have been successively listed on exchanges in the United States, the United Kingdom, Japan, Hong Kong, and other 7 countries and regions, becoming one of the A-share indices with the most overseas products.

According to data from the Shanghai Stock Exchange, as of June 14, 2024, the total size of domestic and foreign STAR 50 index products has exceeded 130 billion RMB, making it the fourth largest broad-based index domestically.

The top ten weighted stocks of the sse science and technology Innovation Board 50 index include semiconductor manufacturing international corporation, hisilicon technologies, beijing kingsoft office software, inc, advanced micro-fabrication equipment Inc. china, montage technology, cambricon technologies, shenzhen transsion holdings co., ltd., united imaging healthcare co., ltd., beijing roborock technology, jinkosolar, etc. The total weight of the top five components of the sse science and technology Innovation Board 50 index is 34.4%, and the weight of the top ten components is 52.57%.

In order to better guide funds to support the development of hard technology and enhance the service level of the capital markets in China's core key technology innovation, in addition to the sse science and technology Innovation Board 50 index, current indices and related ETF products focusing on the science and technology innovation board are continuously expanding.

On August 20th this year, the sse science and technology Innovation Board 200 index was officially launched, focusing on stocks with relatively small market capitalization and good liquidity, together with the sse science and technology Innovation Board 50 and 100 indices, they jointly constitute the szse science and technology Innovation Board scale index series. The total market capitalization of the samples accounts for approximately 88% of the total market capitalization of the listed companies on the science and technology innovation board, enhancing the coverage of the science and technology Innovation Board scale index series to the science and technology innovation board market, providing investors with more diversified benchmark references and investment tools.

At the same time, this year, the Shanghai Stock Exchange and China Securities Index Company have also intensively launched science and technology Innovation Board industry theme indices such as medical, artificial intelligence, chip design, semiconductor materials and equipment, further enhancing the coverage of the science and technology Innovation Board indices in the field of new quality production factors and providing investors with more diversified investment analysis tools.

With the continuous expansion of the science and technology Innovation Board indices, corresponding ETF products will also increase accordingly.

Since the release of the 8 measures for the science and technology innovation board on June 19th this year, multiple science and technology innovation board ETF products, including new energy and industrial machinery, have been approved. In July this year, GF Science and Technology Innovation 100 Enhanced ETF and E Fund Science and Technology Innovation 100 Enhanced ETF were listed successively. Bosera Science and Technology Innovation Board Chip ETF, ICBC Credit Suisse Science and Technology Innovation Board Biomedicine ETF, and Penghua Science and Technology Innovation Board New Energy ETF were issued. On September 6th, the first product tracking the szse science and technology Innovation Board 200 index, Huatai-PB SZSE Science and Technology Innovation Board 200ETF, was officially approved.

Market analysis believes that the variety of science and technology Innovation Board indices continues to enrich, expanding investors' investment channels, and reducing investment thresholds and risks.

At the same time, the ETF connectivity between the mainland and Hong Kong markets is also continuing to advance.

At the beginning of this year, according to the updated list of Shanghai-Hong Kong Stock Connect on the Hong Kong Stock Exchange official website, 11 new ETF symbols were added, including related ETFs on the STAR Market, as well as thematic ETFs such as artificial intelligence.

In July this year, the ETF Connect program saw a major expansion, with a total of 91 products being newly included by the Shanghai, Shenzhen, and Hong Kong Stock Exchanges.