Sept 21 — Turnover in multiple Southbound Stock Connect ETFs surged. Wind data
show Southern East‑West Select (3441) traded HK$339m on Sept 21; that ETF’s
single‑day turnover had been below HK$100m over the past three months. Ping An
Technology Select (3406) and Ping An East‑West Select (3477) each traded above
HK$100m, both posting record highs and large volume increases. An institutional
source said some insurance firms have received implementation notices and may
have begun buying Southbound Stock Connect ETFs, with other insurers potentially
to follow. Market participants say insurance inflows could broaden the
Southbound ETF investor base, add long‑term liquidity, market lift activity and
reinforce Hong Kong’s role as a cross‑border asset allocation hub.
