FINANCE

China Expands Cross-Border ETF Connect With Six New Additions Including U.S.-Linked Funds

Published: Nov. 1, 2025 5:09 a.m. GMT+8

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China launched the ETF Connect program in July 2022.

China will expand its cross-border ETF Connect program by adding six new southbound ETFs, bringing the total to 23, effective Nov. 10, the Shanghai and Shenzhen stock exchanges announced Friday.

The move marks the fifth expansion of Hong Kong-listed ETFs eligible under the southbound leg of the ETF Connect since its launch in July 2022. Notably, for the first time, the new additions include two ETFs with U.S. stock exposure, following updated eligibility rules introduced in July.

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China will add six new southbound ETFs to the cross-border ETF Connect program, totaling 23, effective Nov. 10, 2025.
For the first time, two ETFs with U.S. stock exposure are included, such as the CSOP FTSE East-West Equity Select ETF.
Southbound ETFs' average daily turnover rose 128% year-on-year to HK$4.2 billion; northbound turnover reached 3.2 billion yuan.

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Who’s Who

CSOP Asset Management Ltd.: CSOP Asset Management Ltd. (南方东英) is playing a significant role in the expansion of China's cross-border ETF Connect program. It is adding five new ETFs to the southbound leg, including the CSOP FTSE East-West Equity Select ETF, CSOP Hang Seng Hong Kong-U.S. Tech ETF, CSOP Hang Seng Biotech ETF, and CSOP MSCI HK China Connect Select ETF. These additions broaden the scope to include U.S. stock exposure and biotech sectors.

China Asset Management Co. Ltd.: China Asset Management Co. Ltd. (华夏基金) is one of the firms whose products are being added to the cross-border ETF Connect program. One of the four new ETFs is from China Asset Management Co. Ltd.

Apple Inc.: Apple Inc. is a major U.S. holding within the CSOP Hang Seng Hong Kong-U.S. Tech ETF, one of the new ETFs being added to China's cross-border ETF Connect program. Its weighting in these ETFs ranged from 1.6% to over 6% as of September 30.

Microsoft Corp.: Microsoft Corp. is a major U.S. company. As of September 30, its stock was included as a holding in new ETFs with U.S. exposure, specifically the CSOP FTSE East-West Equity Select ETF and the CSOP Hang Seng Hong Kong-U.S. Tech ETF. Its individual stock weighting within these ETFs ranged from 1.6% to over 6%.

Meta Platforms Inc.: Meta Platforms Inc. is a major U.S. company whose stock is held within some of the ETFs recently added to China's cross-border ETF Connect program. Specifically, as of September 30, it was among the significant U.S. holdings in newly eligible ETFs like the CSOP FTSE East-West Equity Select ETF and the CSOP Hang Seng Hong Kong-U.S. Tech ETF.

Amazon.com Inc.: Amazon.com Inc. is a major U.S. company. As of September 30, it was among the holdings in newly added ETFs under China's expanded cross-border ETF Connect program. Its individual stock weighting within these ETFs ranged from 1.6% to over 6%.

Tesla Inc.: Tesla Inc. is among the major U.S. holdings in the new U.S.-linked ETFs being added to China's cross-border ETF Connect program. Its stock weighting, along with other tech giants like Apple and Microsoft, ranges from 1.6% to over 6% in these diversified portfolios.

Alphabet Inc.: Alphabet Inc. was among the major U.S. holdings in newly added ETFs under China's expanded cross-border ETF Connect program. As of September 30, its individual stock weighting in these ETFs ranged from 1.6% to over 6%. These ETFs, with U.S. stock exposure, are now eligible due to updated rules lowering the required proportion of Hong Kong-listed stocks.

Nvidia Inc.: Nvidia Inc. is one of the major U.S. holdings in newly added ETFs to China's cross-border ETF Connect program. Specifically, it's held within the CSOP FTSE East-West Equity Select ETF and the CSOP Hang Seng Hong Kong-U.S. Tech ETF. Its individual stock weighting within these portfolios ranges from 1.6% to over 6%.

AI generated, for reference only