E Fund Launches First ETF Tracking the HKEX Tech 100 Index

The ETF offers a gateway to 100 selected constituent stocks, spanning six core areas: artificial intelligence, biotechnology, electric vehicles, information technology, internet services, and robotics. Priced at HKD 7.80 per unit with a board lot size of 100, the fund utilizes a free-float adjusted market capitalization weighting to capture the performance of the region’s most dynamic tech firms.

During the listing ceremony at the HKEX Connect Hall, HKEX CEO Bonnie Y. Chan highlighted the product as a milestone for the exchange’s index business. E Fund HK Chairperson Liu Xiaoyan noted that the launch leverages Hong Kong’s role as a financial super-connector, providing global investors with a standardized method to participate in the growth of China’s technology sector. The fund is passively managed and will undergo semi-annual reviews to adjust for shifts in the underlying market.