Hong Kong-(BUSINESS WIRE)-- on the basis of the great success of the Southern Dongying Hang Seng Technology Index ETF (stock code: 3033.hk) Southern Dongying Asset Management Co., Ltd. ("Southern Dongying") has once again launched a pair of products tracking Hang Seng Technology Index-Southern Dongying Hang Seng Technology Index Daily leverage (2x) products (stock code: 7226.hk) and Southern East British Hang Seng Technology Index daily reverse (- 2x) products (stock code: 7552.hk). The Southern Dongying Hang Seng Technology Index ETF (stock code: 3033.hk) is launched to help investors take advantage of long-term investment opportunities offered by the fast-growing technology sector and a growing number of technology companies listed in Hong Kong. The launch of 7226.hk and 7552.hk is designed to help investors cope with short-term fluctuations in the technology sector. The leveraged and reverse products of the Southern Dongying Hang Seng Technology Index will begin trading on Hong Kong Exchanges and Clearing on December 10, with a listing price of about HK $7.75 per unit, a management fee of 1.60% and an initial size of US $14 million, each of which is about HK $110 million.

Against the backdrop of more and more Chinese technology giants choosing Hong Kong as the secondary listing venue, the Hang Seng Technology Index was launched on July 27, 2020 to track the performance of the largest 30 leading technology companies listed in Hong Kong. The index is positioned as another flagship index after the Hang Seng Index and the Hang Seng China Enterprises Index, which mainly covers Hong Kong listed companies that are highly related to technology topics, including Internet, financial technology, cloud, e-commerce and digital business. As soon as the Hang Seng Technology Index was launched, many ETF emerged to replicate the performance of the index in order to capture the long-term returns of technology stocks. However, due to the rapid growth of the Hang Seng Technology Index, its volatility is also higher than that of the Hang Seng Index. The annual historical volatility of the Hang Seng Technology Index is 38.79%, while that of the Hang Seng Index is 23.69%. With the introduction of Hang Seng Technology Index leverage and reverse products, investors have more flexibility to make short-term investment arrangements. Considering that Hang Seng Technology Index futures have just been listed and may take time to establish sufficient liquidity, investing in index futures alone may face potential liquidity risks, 7226.hk and 7552.hk have been carefully designed to invest in index swaps to provide daily leverage and reverse performance as close as possible to the index (both excluding fees and expenses).

Nanfang Dongying, Hong Kong's leading ETF issuer, has been providing ETFs/ETPs to global investors for more than eight years, and its ETFS/ETPs accounts for half of the top 10 ETFs/ETPs traded in Hong Kong. 2 in addition, Southern Dongying, as the market leader in Hong Kong's leveraged counter products, accounts for more than 96% of the daily turnover and 90% of the market share in the scale of asset management, respectively, and has become a reliable brand of Hong Kong listed leveraged products recognized by international investors. 3 Ms Ding Chen, Chief Executive Officer of Southern Dongying, commented: "the Southern Dongying Hang Seng Technology Index (ETF) was launched on August 28, 2020. it is the first ETF in the world to track the Hang Seng Technology Index. On its first day of listing, it also set a record for the largest daily trading volume in the history of Hong Kong ETF, which exceeded HK $3 billion. At present, 3033.hk is also the largest ETF in the industry, with more than HK $5 billion under management. 4 I believe that the listing of 7226.hk and 7552.hk, together with 3033.hk, will provide more investment opportunities for investors in the Hang Seng Technology Index. "