00:08you are watching the china show so in case you're curious we have a bit of a different
00:15look today not coral dave switch the background yeah we're a bit of a 90s techno look now it's
00:25a bit of a futuristic look it's a welcome to our new weekly segment etf iq asia yeah you know
00:31for
00:31the next several weeks we'll be diving deeper into the space with interviews with experts and
00:35executives in this corner of this booming market and take a look at this chart right this just goes
00:38to show why we are launching this hong kong is in the midst of an etf boom over the past
00:43decade and
00:44a half the value of etf assets under management here have grown to more than 80 billion dollars
00:50from just under 10 billion not too long ago since 2020 hang sang bank has been the top etf issuer
00:56in
00:57the city but there's been a change at the top with csrp now taking the number one spot driven by
01:03the
01:04popularity of its funds tracking chinese tech stocks and single stock leverage etfs for south korea
01:09samsung and sk heinix dave yeah and absolutely in fact let's uh talk to the ceo what it feels like
01:17to be on top what the plans are how this changes their plans and strategy joining us here in set
01:22distinction csop asset management ceo well first thank you so much for taking the time to speak
01:28with us the number one spot is somewhat coveted but it's also quite there's a lot of pressure that
01:33comes with that position i just want to start though by asking because the the a lot of your
01:38products have really come into the spotlight the last two weeks because of the big swings in the
01:42market has anything stood out to you and as far as the most popular products or big flows are
01:48concerned when you look at what's happened in the last two weeks uh thanks uh david and yvonne i really
01:54is uh it's a good time to hear uh to talk about the etf as you said you know csop
02:00you will become the
02:01number one um etf issuer and uh uh given you know the market booming and also the ai people talking
02:10about
02:10ai the technology and recently you said um because of the iran war and people the focus is not no
02:19longer at like ai technology how you can evolve our society but like the street of hormones yes and
02:28whether it's uh it can the war how the world will goes on and the baseline for that i think
02:35from all my
02:36house view is is contained by extended so uh so right now uh people thinking uh from our point of
02:47view
02:47is like the world will last a little bit longer but we hope it can end shortly and if that's
02:55the case
02:56obviously you know pretty simple it's like the duration of the the conflict is the dominant variables
03:04in the whole equation right if it goes shorter and obviously i i think you know it will go back
03:11to
03:11fundamental and then people will risk on and also mini reverse people will go back come back to to
03:18those hard names like we talk about sk hynex and samsung two times definitely will come back but if it
03:25will last longer and out of people's expectation probably that will give the market a headache a big
03:34headache yeah yeah i also remember dean chan a few years ago we were at the exchange and you were
03:39launching all these saudi etfs and during this exchange between hong kong and the middle east and
03:44really kind of deepening those ties do you see this around conflict in any way impacting sort of the
03:50exchange that csop has had with the middle east yeah so we we at 2023 we bring uh saudi etf
03:58uh listed on
03:59hong kang stock exchange and that's a big event and people uh from uh ifc globally to look at middle
04:08east
04:08as uh investable uh assets you know and uh and afterwards it proves that is it's right and right now
04:17you can see the booming of the whole saudi economy you know before this war and a lot of investment
04:25opportunities even in saudi and in uae they have been become like a attack center in some way
04:33somehow but right now obviously we see challenges and we see you know a lot of people in the past
04:41went to uh middle east and also you know in middle east they have their regional
04:47ifc's like like dubai and their web3 business is booming as well but we after these two weeks
04:55we see a lot of people come back to hong kong and a lot of people are talking about you
05:00know
05:01move their assets to hong kong again i think from that point of view it's a it's a game for
05:08hong
05:08kong but from from the whole industry point of view we still hope like the situation can be cooled down
05:15and you know everybody can go back to business as usual and look at the fundamentals again yeah yeah
05:21the if you're number one now the do you have aspirations in terms of what's the target
05:29aum or otherwise or something else does it affect how you strategize look at how you price your
05:35products to the market so we're very fortunate you know to have support from a lot of people
05:43and especially from my my my co-workers in csop we have been waiting for this moment for for many
05:50years i would say and right now uh you know we are we managing 59 etfs in the town we
05:57are the deepest
05:58and the weatherest uh etf offer in this town and also uh like the uh we introduce a lot of
06:08uh innovative
06:09products to the market we bring sk hynex and hands on uh and sansong electronic two times leverage universe
06:17single star to the town and um right now it's a really uh a sort of like people say it's
06:26like
06:26a super cycle for the ai memory chips uh sk hynex and sansong will be definitely the one and you
06:34know
06:34career market they are id market it's not easy to access so in order to participate or or get the
06:41investment chance you need to bring some interesting products uh you know to your spot and uh we did it
06:49last year and the market definitely reward us by by you know a lot of cash inflow into this products
06:57so
06:58less than six months of sk hynex two times 7709 so the aom is surpassed 20 billion hong kong dollar
07:06is it it is you know one of i think the most uh fast growth etf in csop's history and
07:15also this one
07:16is also globally the top three aom etf as well so you can see that i think from strategy wise
07:25csop will
07:26definitely will do more innovation products and uh also you know hong kong and mainland china in this
07:36region uh i would say the whole society goes to that like aging society and to serve like aging wealth
07:44people we will do a more a little bit more about like a fixed income plus or incomes plus products
07:51like a cover call something like that cover call probably is not familiar with a lot of people but
07:56this year we introduced uh last year we introduced that's a good income product actually yeah income
08:00product yeah yeah i was gonna ask you about some of these korea single stock these are all leveraged
08:06etfs and obviously there is a compounding effect we were talking to you know the ceo direction just
08:10this week about how this can really in some ways be fast returns but also could be quite hurtful for
08:17a
08:17lot of retail investors out there do you think that there needs to be more regulatory sort of
08:24regulations around these sort of complex products and how is csop preparing for it yeah yeah it's a
08:30very good question so uh for those single style because it's daily rebalanced products you will have
08:36a lot of compounding effect on that so definitely we need quite a lot of uh client educations and also
08:44uh
08:44you know regulations around their products to protect the best interest of clients and i think also from the
08:51regulatory point of view is like you if you try to have people introduce this kind of product on the
08:57market
08:57you definitely will test them whether they have the knowledge or have to have the capability to handling this
09:04kind of uh uh complex products and also for for korean market is a little bit uh different from other
09:12market because i said it's id market so even for institutions it's very difficult to to to get into
09:19there and so for for for retail investors there's no way so that's that that gives us an ultimate
09:26question so whether it's two times too high for them yeah so yeah interesting ding chen it's great to
09:32have you thank you so much for kicking off of course this segment for us that was ding chen there
09:35csop
09:36asset management ceo joining us here you can tune in to etf iq asia every friday on the china show
09:42we're bringing you more analysis and conversations with top market players and newsmakers this is
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