Shanghai Securities News | Multiple Fund Managers File for CSI SH-SZ-HK Intelligent Driving Thematic ETFs

According to Shanghai Securities News / cnstock.com (reporter: He Xinyi), eight fund managers, including Southern Asset Management, Maxwealth Fund, China Universal Asset Management, E Fund, Ping An Fund, Bosera Funds, GF Fund Management, and ICBC UBS Asset Management, collectively filed applications on September 11 for CSI SH-SZ-HK Intelligent Driving Thematic ETFs. Industry insiders said the index spans the Shanghai, Shenzhen, and Hong Kong markets and covers multiple segments of the intelligent driving industry. Through ETF products tracking the index, investors can gain integrated exposure to China's intelligent driving industry and share in its growth.

In August, Wu Qing, Chairman of the China Securities Regulatory Commission (CSRC), said in Hong Kong: "The CSRC would support closer cooperation between the two markets' index providers to roll out more indexes based on Chinese assets, and encourage industry institutions in the two markets to introduce more ETFs that invest across the two markets and target China's modern industrial system." The industry-wide filing for the CSI SH-SZ-HK Intelligent Driving Thematic ETFs is a concrete step toward implementing the two markets' plans to deepen practical cooperation and strengthen coordinated development.

According to the index provider, the CSI SH-SZ-HK Intelligent Driving Index spans the Shanghai, Shenzhen, and Hong Kong markets and focuses on key segments of the intelligent driving industry chain. Developing ETFs tracking the index could, on the one hand, further integrate capital, technology, and industry, giving investors easier and more efficient access to Chinese intelligent driving assets, while enhancing the international influence of Chinese indexes and assets. On the other hand, such products would align policy priorities, industrial upgrades, and innovations in capital-market instruments, supporting the development of new quality productive forces.