The largest Nasdaq-100 ETF in the United States, Invesco QQQ (QQQ.US), has officially listed on the Hong Kong Stock Exchange under the ticker symbol 03455, set to commence trading on Feb. 26. According to the submitted documents, Invesco QQQ offers trading in Renminbi, U.S. dollars, and Hong Kong dollars, with a trading unit of one share and an annual expense ratio of 0.2%.
QQQ aims to track the Nasdaq-100 Index, with its U.S. assets under management totaling US$341.6 billion (approximately HK$26.55 billion), making it the fourth largest ETF in the U.S.
Brian Roberts, Head of Equity Product Development at the Hong Kong Exchanges and Clearing (HKEX), welcomed the listing, noting that it marks the first time this product has been launched outside North America. He emphasized that this achievement signifies an important milestone for the Hong Kong market, reinforcing HKEX's position as Asia's preferred ETF marketplace and solidifying Hong Kong's status as a leading international financial center. He expressed optimism about the potential for more international ETF products to be listed in Hong Kong in the future.
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