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Rising Interest in A-shares ETFs Amid Market Sentiment Surge and Overseas Capital Influx

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GUANGZHOU, China, Oct. 28, 2024 /PRNewswire/ — Recently, the National Bureau of Statistics of China announced that investment in high-tech industries continued to scale up in the first three quarters, of which the investment in high-tech manufacturing and high-tech services grew by 9.4% and 11.4% respectively. Since September 24th, a series of favorable policies, such as interest rate cuts, mortgage rate reductions, and new monetary tools have boosted China’s stock market sentiment. Interest in high-quality assets continues to rise, with broad-based ETFs gaining traction as an attractive investment option. It’s also observed that foreign capital is accelerating its inflow into Chinese assets.

EPFR data shows that US$57.6 billion flowed into A-shares between September 23rd and October 20th, making up more than 90% of total flows into emerging markets. As of October 24th, Bloomberg data shows that China-focused ETFs occupied five of the top 10 global ETF inflows, totaling US$19.2 billion for the past month. Global investors particularly favored technology industries, which accounted for a significant portion of these inflows.

Notably, E Fund ChiNext ETF (Code: 159915) and E Fund STAR 50 ETF (Code: 588080) provided by E Fund Management (“E Fund”), the largest mutual fund manager in China, are attracting attention. These ETFs focus on high-growth technology and innovation-driven industries, aligning with the increasing investor interest in China’s tech sectors. To be more specific, while the ChiNext index prioritizes sectors such as new energy and healthcare, the STAR 50 Index leans more towards semiconductor sector.

In addition, E Fund continues to innovate, expanding its ETF product line to meet growing market demand for diverse, sector-specific investment opportunities, including E Fund AI ETF (Code: 159819) and E Fund CSI Cloud Computing & Big Data ETF (Code:516510), which are available via ETF Connect to empower offshore investors.

About E Fund

Established in 2001, E Fund Management Co., Ltd. (“E Fund”) is a leading comprehensive mutual fund manager in China with over RMB 3.5 trillion (USD 505 billion) under management.* It offers investment solutions to onshore and offshore clients, helping clients achieve long-term sustainable investment performances. E Fund’s clients include both individuals and institutions, ranging from central banks, sovereign wealth funds, social security funds, pension funds, insurance and reinsurance companies, to corporates and banks. Long-term oriented, it has been focusing on the investment management business since inception and believes in the power of in-depth research and time in investing. It is a pioneer and leading practitioner in responsible investments in China and is widely recognized as one of the most trusted and outstanding Chinese asset managers.

Source: E Fund. AuM is preliminary and includes subsidiaries. Data as of Sep 30, 2024. FX rate is sourced from PBoC.

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SOURCE E Fund Management

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Diwali Draws Global Crowds to India – Agoda

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SINGAPORE, Oct. 28, 2024 /PRNewswire/ — Digital travel platform Agoda reveals the top searched cities in India for Diwali celebrations, and it’s New Delhi that comes out on top among international visitors.  Goa takes the top spot for domestic travel based on searches made for check-in during the Diwali week celebration. Agoda noted 17% more accommodation searches for Diwali compared to last year’s celebrations.

Diwali, also known as the Festival of Lights, is one of India’s most significant festivals, celebrated with grand festivities, vibrant lights, and cultural events. The festival symbolizes the victory of light over darkness and good over evil, attracting both domestic and international travelers to experience its unique charm.

International travelers showing most interest in experiencing the Diwali celebrations in India come from the United States (#1), United Kingdom (#2), Singapore (#3), Malaysia (#4), and Japan (#5). The top cities in India that inbound travelers are looking to visit for the festivities are New Delhi (#1), Goa (#2), Mumbai (#3), Chennai (#4), and Jaipur (#5). These cities have become focal points for international visitors looking to immerse themselves in the rich cultural heritage and festive spirit of Diwali.

Andrew Smith, Senior Vice President, Supply at Agoda said “Diwali is a time when the world increasingly turns its eyes to India. It comes as no surprise that New Delhi and Goa leading the charge in attracting international and domestic travelers, as both destinations have so much to offer in terms of culture and exploration, especially at this festive time. At Agoda, we love being part of this celebration by helping travelers find the perfect place to stay and experience the magic of Diwali firsthand.”

Domestic travel has seen a 23% rise in accommodation searches compared to last year, with the top destinations for Diwali celebrations being Goa (#1), Udaipur (#2), Mumbai (#3), Pondicherry (#4), and Jaipur (#5). These cities provide a diverse range of experiences, from beachside festivities in Goa to the royal celebrations in Udaipur.

Agoda’s offerings include over 4.5 million holiday properties globally, plus more than 130,000 flight routes, and over 300,000 activities, all of which can be combined in the same booking. Travelers considering a trip to Goa can be inspired via this travel tips page on Agoda’s platform.

— ENDS —

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SOURCE Agoda

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Cactus Custody Completes SOC 2 Type II Audit, Reinforcing Security Standards in Digital Asset Custody

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SINGAPORE, Oct. 28, 2024 /PRNewswire/ — Cactus Custody (www.mycactus.com), a licensed digital asset custodian under Hong Kong Trust Company (License No.: TC006789) and provisionally exempt from regulation by the Monetary Authority of Singapore (MAS), has completed the SOC 2 Type II audit led by Deloitte. This accomplishment highlights Cactus Custody’s dedication to providing a secure and compliant environment for digital asset management.

The SOC 2 Type II audit reinforces our ability to meet global security standards, giving clients across APAC and beyond confidence that their digital assets are securely managed in line with industry best practices and regulatory requirements.

“The SOC 2 Type II attestation reflects our unwavering commitment to protecting client assets. It strengthens trust and positions us as a reliable partner in digital asset custody. Managing billions in assets for over 300 institutions, we operate under strict regulatory frameworks governing our platform’s architecture, development, and operations,” said Wendy Jiang, General Manager of Cactus Custody.

Deloitte rigorously conducted the audit based on Security, Availability, and Confidentiality, ensuring Cactus Custody’s compliance with these critical standards.

About Cactus Custody

Cactus Custody, founded by Jihan Wu, is a leading institutional digital asset custody provider. As an ISO-certified custodian and a licensed Hong Kong Trust company (License No.: TC006789), with an exemption from regulation by the Monetary Authority of Singapore (MAS), it meets regulatory capital reserve requirements and adheres to the strict anti-money laundering and counter-terrorist financing regulations. Backed by cutting-edge security architecture, Cactus Custody protects client assets in hot and cold storage. It safeguards billions of dollars in digital assets for over 300 institutions, including top-tier mining companies, mining pools, funds, asset management platforms, and OTC traders.

 

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SOURCE Cactus Custody

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CCTV+: “Opportunities in China”at the Digital Trade Expo

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BEIJING, Oct. 27, 2024 /PRNewswire/ — “Opportunities in China“at the Digital Trade Expo offers a detailed exploration of the Third Global Digital Trade Expo, through the perspectives of a journalist from Kazakhstan, a promoter of Sino-African friendship from Zimbabwe, a second-generation entrepreneur from Thailand, and a Ph.D. researcher in the new media music industry from the UK.

The story highlights Zhejiang’s high-quality development in the private sector and the wealth of opportunities that China has presented to the world.

View original content to download multimedia:https://www.prnewswire.com/news-releases/cctv-opportunities-in-chinaat-the-digital-trade-expo-302288167.html

SOURCE CCTV+

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