Hong Kong Stock Exchange launches artificial intelligence and semiconductor index

The Zhitong Finance App learned that on October 23, the Hong Kong Stock Exchange announced the launch of the Hong Kong Stock Exchange Artificial Intelligence Index and the Hong Kong Stock Exchange Semiconductor Index. The two newly launched indices further expand the index series independently compiled by the Hong Kong Stock Exchange and provide investors with a benchmark to seize the opportunities brought by the two major technology themes of artificial intelligence and semiconductors. HKEx also announced that it has signed an licensing agreement with Southern Fund Management Co., Ltd. (Southern Fund) to launch an exchange-traded fund (ETF) that tracks the Hong Kong Stock Exchange Artificial Intelligence Index in mainland China.

HKEx Group Chief Information Officer Leung Chung-kwong said, “We are delighted to launch these two new thematic indices. Artificial intelligence and semiconductors are transforming all walks of life and becoming an important driving force for global growth and innovation. HKEx is committed to expanding its index products, providing investors with more ways to seize the opportunities brought by new trends and participate in the growth of the region's technology ecosystem.”

Liang Songguang added, “We are pleased to authorize China Southern Fund to launch an ETF that tracks the Hong Kong Stock Exchange Artificial Intelligence Index in mainland China. We are also looking forward to cooperating with other market participants to develop more investment products linked to the HKEx Index to enrich investors' choices and further enhance the depth and vitality of the market.”

Yang Xiaosong, general manager of China Southern Fund, said, “We are honored to be authorized by the Hong Kong Stock Exchange to develop ETF products that track the Hong Kong Stock Exchange Artificial Intelligence Index in the mainland China market. This is an important practice of China Southern Fund implementing an international strategy and serving investors' diversified asset allocation needs. China Southern Fund will use this cooperation as an opportunity to transform the AI industry chain opportunities in the Hong Kong market into an indexation tool that mainland investors can easily participate in. In the future, the company will continue to enrich its connectivity product line, build an investment bridge between the Mainland and Hong Kong capital markets, achieve two-way empowerment in a high level of openness, and promote a virtuous cycle between the technology industry and capital.”