BEIJING, Jan. 12 (Xinhua) -- Securities for northbound trading under the Shanghai and Shenzhen Stock Connect programs will embrace 11 new eligible exchange-traded funds (ETFs) members from January 15, reported Xinhua Finance on Thursday.
The report cited upgraded lists of eligible stocks for northbound trading released by the Hong Kong Exchanges and Clearing Limited recently as saying.
Under the Shanghai Connect, an access for overseas investors to purchase securities traded on Shanghai Stock Exchange (SSE), nine new ETFs were added for trading and under the Shenzhen Connect, a similar channel for overseas institutions to trade securities on Shenzhen Stock Exchange (SZSE), two new ETFs were added.
Among all the 11 new members, there are one ETF tracking the SSE Science and Technology Innovation Board 50 Index (STAR 50) and two tracking the ChiNext market related indices.
Three ones see their component stocks mainly engaged in electronics, power equipment, new energy and computer sectors and attach much importance to the growth potential and sci-tech properties of underlying stocks.
Another two newly-included ETFs are steady dividend-paying and low volatility-themed ones.
By Thursday, ETFs eligible for trading under the Stock Connect schemes between the Chinese mainland and Hong Kong markets totaled 156 ones, including 89 ones for Shanghai Connect, 59 ones for Shenzhen Connect and eight ones for Hong Kong stock connect.
Since launch of ETF trading under the Stock Connect schemes, their turnover kept increasing in general thanks to the relatively low risks and clear investment style of ETFs. (Edited by Duan Jing with Xinhua Silk Road, duanjing@xinhua.org)
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