On July 9, 2025, the Securities and Futures Commission ("SFC") welcomed the first cross-listing in Hong Kong of an actively managed ETF, facilitated by streamlined requirements and highlighting the city's competitiveness in attracting overseas ETFs.
This article was generated using SAMS, an AI technology by Timothy Loh LLP.
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On July 9, 2025, the Securities and Futures Commission ("SFC") celebrated a significant milestone in the global asset management landscape by welcoming the first cross-listing in Hong Kong of an actively managed exchange-traded fund ("ETF").
This cross-listing, facilitated through a master-feeder structure, was made possible by the streamlined requirements for eligible ETFs. This strategic move enhances Hong Kong’s product offerings by introducing the world’s largest active ETF strategy to the city’s investors, thereby bolstering Hong Kong’s competitive edge in attracting overseas ETFs.
The cross-listing includes an Irish master ETF, further demonstrating the robust market connectivity between Hong Kong and Ireland. This development is a notable follow-up to the recent Memorandum of Understanding on Mutual Recognition of Funds signed between the two markets.
Ms Christina Choi, the Executive Director of Investment Products at the SFC, acknowledged the significance of this cross-listing. She emphasized that it underscores Hong Kong’s unique role as a gateway for international asset managers seeking access to Asia-Pacific’s dynamic investor base. Additionally, it reflects the SFC’s commitment to fostering international collaboration within the asset management sector.
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