"The hottest Chinese concept ETF" has been listed in Hong Kong

On December 11, ICBC Credit Suisse Jinrui KWEB CSI China Internet ETF officially listed and began trading on the Hong Kong Stock Exchange, becoming the first ETF product in Asia to benchmark KWEB. This product was launched in collaboration between ICBC Credit Suisse Asset Management (International) Co., Ltd. and KraneShares, tracking the CSI Overseas China Internet Index, which covers areas such as e-commerce, cloud computing, fintech, online entertainment, and artificial intelligence.

KWEB, issued by KraneShares, is listed on the New York Stock Exchange and is the largest China ETF listed in the U.S., enjoying high recognition among global investors. The newly listed ETF tracks the same index as the KWEB ETF managed in the U.S., with a fundamentally consistent product design.

The product aims to provide a convenient asset allocation tool for Chinese internet investments for investors in the Asian time zone. It trades in three currencies: Hong Kong dollars, U.S. dollars, and Chinese yuan, with an annual management fee rate of 0.68%, and offers both cash and physical redemption options. Analysts believe that as China accelerates its development in the AI innovation field, most companies held by this ETF are at the forefront of related technological advancements.

Mature Investment Strategy Debuts in Asian Time Zone

ICBC Credit Suisse Jinrui KWEB CSI China Internet ETF adopts the same investment strategy as the U.S. KWEB, tracking the CSI Overseas China Internet Index. The index constituents include Chinese internet companies listed on Hong Kong and overseas exchanges, such as Tencent, Alibaba, Meituan, and Baidu.

According to disclosures from KraneShares, as of November 30, 2025, the KWEB ETF managed in the U.S. has a scale of approximately $9 billion, while the European UCITS version manages about $1.2 billion. Since its establishment in 2013, it reached a historical peak scale record of $10.02 billion on October 2, 2025.

Dr. Chen Xiaolin, head of the International Department at KraneShares, stated:

For twelve years, KWEB has been one of the world's leading ETFs focused on China. With the growing demand for high-quality Chinese investments in Asia, it is a natural next step to introduce this mature investment strategy to the Hong Kong Stock Exchange.

Targeting Opportunities in Digital Economy and AI Development

The launch of the new ETF coincides with China's accelerated development in the field of artificial intelligence innovation. Most companies held by the product are at the forefront of AI-related fields such as large language models, cloud infrastructure, autonomous systems, and next-generation enterprise and consumer applications.

From an industrial trend perspective, the Chinese internet industry is at the core of a new wave of technological revolution. AI large models represented by DeepSeek have achieved key technological breakthroughs, accelerating the commercialization of artificial intelligence applications and strongly driving the demand for upstream computing power and infrastructure, injecting new growth momentum into the industry From a fundamental perspective, since mid-2024, the ROE of China's internet sector and overall profitability have shown signs of stabilization and recovery. This indicates that after completing structural optimization and improving quality and efficiency, the industry is gradually releasing operational leverage, combined with a warming macro environment and the bottoming out of companies' operational cycles, the industry is entering a more robust and high-quality development phase.

Zhang Dilen, the ETF manager at ICBC Credit Suisse (International), stated that Chinese internet and technology companies continue to demonstrate strong long-term potential, especially in the fields of artificial intelligence and cloud computing innovation. The launch of this ETF will inject new vitality into Hong Kong's ETF ecosystem.

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