The Hong Kong unit of Shanghai-based China Universal Asset Management (CUAM) and Korea Investment Management (KIM) have signed an agreement to launch exchange-traded funds that can be traded through the ETF Connect and allow investors in the Mainland to access foreign investment opportunities.
China Universal (Hong Kong) announced the move in a statement on November 18.
As of June, there were 17 Hong Kong-listed ETFs eligible for distribution in China under the ETF Connect, which allows investors in Hong Kong and China to trade the funds in each other’s markets.
Jae-Kyu Bae, chief executive officer of KIM, notes in the statement that the scheme allows investors in China to gain foreign exposure without being restricted by the quota-based qualified domestic institutional investor scheme in the Mainland.
China Universal (Hong Kong) doesn’t publicly disclose its asset data. Its parent company is one of the largest asset managers in China with around 1.26 trillion RMB (US$178 billion) of assets under management.
Seoul-based KIM managed around $40 billion of assets as of September 2025.
