Ten years ago, it is hard to imagine Chinese technology companies that could rival their US counterparts like Google, FaceBook, Amazon and Netflix. Now, the likes of Alibaba, Baidu and Tencent have dominated Mainland Chinese’s mammoth market. Against the backdrop of a US-China trade war, many of them have secondary listings in the Hong Kong stock exchange in recent years. Could this trend be a catalyst for Lion OCBC Securities Hang Seng Tech ETF?
If you believe in the long-term growth of Chinese technology industry, the Lion OCBC Securities Hang Seng Tech ETF may be an interesting offering. Lion Global Investors, the asset management arm of OCBC bank, is listing the Lion OCBC Securities Hang Seng Tech ETF. Launched in 20 July 2020, the Hang Seng Tech Index tracks the 30 largest technology companies listed in Hong Kong. The IPO period for Lion OCBC Securities Hang Seng Tech ETF is from 23 November to 7 December 2020.