Tuesday, 19 October 2021

HSBC facilitates listing of one of the largest STAR50 ETFs in HKEX

HSBC has facilitated the listing of Premia China STAR50 ETF in the Hong Kong Stock Exchange. With an initial launch size of RMB 204 million, Premia China STAR50 ETF is one of the largest funds tracking the biggest and most liquid stocks traded on the Science and Technology Innovation Board of the Shanghai Stock Exchange, also known as the STAR Market. HSBC has also been appointed as trustee, global custodian, fund administrator, swap counterparty and cross border equity execution for the fund.

“Our integrated team collaborating across different jurisdictions demonstrates that we have a leading end-to-end ETF solution supporting our clients. We are delighted to continue growing our partnership with Premia Partners, following their successful ETF launches including Premia China Treasury & Policy Bond Long Duration ETF and Premia China USD Property Bond ETF,” said Steven McCullough, Head of Business Development & Client Management Asia, Securities Services, HSBC.  

“HSBC has been our important partner since inception of Premia. Managing ETFs is like conducting an orchestra that you need every element to be meticulous, and we are very fortunate to find such great rapport across the HSBC teams that are not only very professional practitioners, but also share our vision and passion for bringing innovative, institutional grade ETFs to Asia better, faster,” said Rebecca Chua, Managing Partner of Premia Partners.  

HSBC remains at the forefront of developing the ETF market in the region and supporting China’s capital markets opening. Our award winning Markets and Securities Services team offer a comprehensive global, regional and domestic solution encompassing global custody, direct custody, trustee and fund administration across 96 markets with 38 proprietary network at present.

 

Re-disseminated by The Asian Banker

Diary of Activities
Strongest Banks 2021
21 October 2021
Transaction Finance and Risk Dialogue and Awards Ceremony
11 November 2021