Mirae Asset Global Investments (Hong Kong) Limited today is satisfied to report the dispatch of its ‘Mirae Asset Horizons China Biotech ETF’ and ‘Mirae Asset Horizons China Cloud Computing ETF’ in Hong Kong, enabling financial specialists to pick up presentation to the immense capability of China’s biotech and distributed computing segments by means of the Hong Kong ETF advertise just because.
Units of the two ETFs will start exchanging today on the Hong Kong Stock Exchange (“HKEx”) in Hong Kong dollars. Mirae Asset Horizons China Biotech ETF will have tickers 2820 (HKD class) and 9820 (USD class), while tickers for Mirae Asset Horizons China Cloud Computing ETF will be 2826 (HKD class) and 9826 (USD class).
The Mirae Asset Horizons China Biotech ETF will hope to highlight biotechnology organizations that are profiting by the ‘Made in China 2025’ mechanical procedure, under which biotechnology has been named as a key part for improvement, just as the improving administrative structure in the nation, which incorporates more clear direction for biosimilar designers and changes to the medications endorsement process. Prospects for the division are brilliant, with the CAGR of medicinal services capital hitting 132% somewhere in the range of 2013 and 20171, while the quantity of biotechnology licenses conceded in China ascended from more than 1,000 out of 2006 to more than 6,000 of every 2016 – outperforming the US and making up 27% of the worldwide total2.
The Mirae Asset Horizons China Cloud Computing ETF in the interim will give speculators introduction to the normal ascent in distributed computing spending, which some gauge will reach US$20 billion by 2020. Given that the distributed computing business sector is as yet beginning, adding up to just 3% of China’s venture IT market3, the area is relied upon to encounter critical development on the back of strong government arrangements which advance and sponsor the selection of cloud innovation. With China’s GDP at 70% of the US’s4, however its cloud programming industry representing 3% to 10% of the size of US’s5, there is space to develop.