HKEX launches artificial intelligence and semiconductor index.

On 23 October, HKEX announced the launch of the HKEX Artificial Intelligence Index and the HKEX Semiconductor Index. The two newly launched indices further expand the HKEX self-compiled index series and provide investors with benchmarks to capture the opportunities arising from the two major technology themes of artificial intelligence and semiconductors. HKEX also announced the signing of a licensing agreement with China Southern Asset Management Co., Ltd. (China Southern Fund) to launch an exchange-traded fund (ETF) tracking the HKEX Artificial Intelligence Index in Mainland China. Leung Sung Kwong, Chief Information Officer of HKEX Group, said: "We are delighted to launch these two new thematic indices. Artificial intelligence and semiconductors are transforming industries and have become important drivers of global growth and innovation. HKEX is committed to expanding its index products to provide investors with more ways to capture the opportunities brought by new trends and to participate in the growth of the region's technology ecosystem." Leung Sung Kwong added: "We are pleased to license China Southern Fund to launch an ETF tracking the HKEX Artificial Intelligence Index in Mainland China. We also look forward to working with other market participants to develop more investment products linked to HKEX indices, enriching investors' choices and further enhancing the depth and vitality of the market." Yang Xiaosong, General Manager of China Southern Fund, said: "We are honored to have obtained authorization from HKEX to develop ETF products tracking the HKEX Artificial Intelligence Index in the Mainland China market. This is an important practice for China Southern Fund in implementing its internationalization strategy and serving investors' diversified asset allocation needs. China Southern Fund will take this cooperation as an opportunity to transform the opportunities in Hong Kong's AI industry chain into index-based tools that Mainland investors can conveniently participate in. In the future, the company will continue to enrich its interconnected product lines, build an investment bridge between the Mainland and Hong Kong capital markets, achieve two-way empowerment within a high-level opening-up framework, and promote a virtuous cycle between the technology industry and capital."