Hit by heavy selling yesterday, iShares Core MSCI China Index ETF (09801.HK) plunged more than 4% in the morning session.

NewTimeSpace Flash – Wind data show iShares Core MSCI China Index ETF (09801.HK) has been hit by heavy selling, sinking more than 4 % by mid-day. On 20 January alone the fund bled over RMB 80 m; across the past ten sessions outflows have reached RMB 123 m.

HKEX filings remind that the ETF tracks the MSCI China Index, the flagship benchmark for Chinese assets and the pricing anchor used by global investors. The index spans A-shares, H-shares, ADRs, red-chips and P-chips, holding more than 700 large- and mid-cap names that cover roughly 85 % of China’s investable market capitalisation.

At its November 2025 semi-annual review the index added 26 constituents (17 A-shares + 9 Hong Kong listings) and removed 20, tilting toward semiconductors, advanced manufacturing and strategic resources. Newly included names include Shengyi Electronics, Changying Precision and Zijin Gold International.

Goldman data indicate that overseas long-only funds which had fled Hong-Kong IPOs during 2022-24 have already returned 50-60 % by early 2026, with a further 70 % comeback expected. The share of U.S. long-only investors taking part in Chinese IPOs in Hong Kong has leapt from 10-15 % at the start of 2024 to 85-90 % at the start of 2026, as near-term return prospects outweigh lingering geopolitical risk.

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