Mainland Mutual Funds Enter Harvest Phase in Hong Kong Expansion

In recent years, mainland mutual funds have entered a harvest phase in their expansion into Hong Kong. As enthusiasm for ETF issuance on the Hong Kong Stock Exchange has intensified, Chinese mutual fund subsidiaries operating in Hong Kong have become a key force in supplying offshore index tools; further benefits from rules related to interconnectivity have opened up new space for product innovation, leading to the launch of a wave of new ETFs. Riding the wind of institutional reforms, mainland mutual funds are continuously expanding their overseas asset management footprint through ETFs, with offshore business emerging as an indispensable 'second growth curve' for the mutual fund industry.