Key Takeaways
- • Hong Kong launched the Galaxy Bosera MSCI China ASEAN Economic Linkage Select Index ETF on January 28, 2026, marking the first dedicated equity ETF in the territory targeting companies with deep operational ties across China and ASEAN markets.
- • The ETF is co-managed by Bosera Asset Management (International) and China Galaxy International Asset Management (Hong Kong), tracking an index that blends Hong Kong-listed southbound-eligible stocks with large- and mid-cap ASEAN companies (Singapore, Indonesia, Malaysia, the Philippines, Thailand, Vietnam) that have significant exposure to mainland China and Hong Kong.
- • The product provides institutional and retail investors a structured vehicle to gain exposure to Belt and Road Initiative opportunities and the expanding global expansion of Chinese enterprises, capturing industry synergies between China and Southeast Asia.
- • The benchmark index combines securities from the MSCI Hong Kong Listed Southbound Index and the MSCI AC ASEAN Index, enabling participation in Stock Connect-eligible equities while maintaining fundamental quality filters.
Summary
Hong Kong's financial regulators green-lit the Galaxy Bosera MSCI China ASEAN Economic Linkage Select Index ETF on January 28, 2026, establishing the first equity exchange-traded fund in the jurisdiction explicitly designed to capture investment opportunities arising from deepening economic integration between China and the Association of Southeast Asian Nations. The product represents a strategic tool for both domestic and international investors seeking exposure to Belt and Road Initiative dynamics through a professionally managed index vehicle.
The ETF is jointly managed by Bosera Asset Management (International) and China Galaxy International Asset Management (Hong Kong), two established players in Asia's asset management sector. The fund tracks the MSCI China ASEAN Economic Linkage Select Index, which employs a dual-component structure: it incorporates Hong Kong-listed equities eligible for southbound trading under the Stock Connect program alongside large- and mid-capitalization companies listed across five ASEAN jurisdictions—Singapore, Indonesia, Malaysia, the Philippines, Thailand, and Vietnam—that demonstrate material economic exposure to mainland China and Hong Kong.
According to Zhang Dong, president of Bosera Asset Management, the ETF capitalizes on sustained momentum in Chinese companies' international expansion strategies and reflects the entry of China-ASEAN collaboration into "a new era." The product is positioned to capture industry synergies generated by Chinese enterprises pursuing overseas growth while addressing institutional demand for emerging market exposure that maintains fundamental quality standards.
Wang Sheng, chairman of China Galaxy Securities, characterized the offering as an innovative instrument for both domestic and international capital to participate in Belt and Road Initiative-linked opportunities, emphasizing that the fund targets "fundamentally strong companies" across both markets. The launch reflects Hong Kong's ongoing efforts to develop specialized investment vehicles linking major regional economic zones and capitalizing on structural trade and investment flows between China and Southeast Asia.
The ETF is jointly managed by Bosera Asset Management (International) and China Galaxy International Asset Management (Hong Kong), two established players in Asia's asset management sector. The fund tracks the MSCI China ASEAN Economic Linkage Select Index, which employs a dual-component structure: it incorporates Hong Kong-listed equities eligible for southbound trading under the Stock Connect program alongside large- and mid-capitalization companies listed across five ASEAN jurisdictions—Singapore, Indonesia, Malaysia, the Philippines, Thailand, and Vietnam—that demonstrate material economic exposure to mainland China and Hong Kong.
According to Zhang Dong, president of Bosera Asset Management, the ETF capitalizes on sustained momentum in Chinese companies' international expansion strategies and reflects the entry of China-ASEAN collaboration into "a new era." The product is positioned to capture industry synergies generated by Chinese enterprises pursuing overseas growth while addressing institutional demand for emerging market exposure that maintains fundamental quality standards.
Wang Sheng, chairman of China Galaxy Securities, characterized the offering as an innovative instrument for both domestic and international capital to participate in Belt and Road Initiative-linked opportunities, emphasizing that the fund targets "fundamentally strong companies" across both markets. The launch reflects Hong Kong's ongoing efforts to develop specialized investment vehicles linking major regional economic zones and capitalizing on structural trade and investment flows between China and Southeast Asia.
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