CSOP Hang Seng TECH Index ETF (03033.HK) Rises 0.44% Intraday as Tencent Plans Dollar and Offshore Yuan Notes

NewTimeSpace News: As of 10:30 on October 12, the CSOP Hang Seng TECH Index ETF (03033.HK) rose 0.44% to a latest price of HK$4.116. The ETF has traded 395.14 million shares so far today for a turnover of HK$1.628 billion at an average price of HK$4.120, with a turnover rate of 2.75%. It is up 0.44% so far this week. Its current net asset value per unit is HK$4.116, and its assets under management stand at HK$59.12 billion.

(Note on scope: the net asset value per unit and assets under management are as of October 9, 2026; the week-to-date change is measured against the closing price of HK$4.098 on October 9.)

On the news front, Tencent Holdings (00700.HK) said in a Hong Kong Stock Exchange announcement on the morning of October 12 that it proposes to conduct an international offering of notes to professional investors under its global medium-term note programme; the notes will be issued in series on different issue dates and terms and may be denominated in any currency, and the company will seek to list them on the Stock Exchange. According to a term sheet seen by Reuters, the proposed notes are senior unsecured notes denominated in US dollars and offshore Chinese yuan, potentially comprising 10-year and 20-year dollar notes and 10-year and 30-year offshore yuan notes, with the deal size not yet set; JPMorgan, Goldman Sachs, HSBC and Morgan Stanley are leading the dollar tranche. Tencent Holdings is one of the weighted constituents of the Hang Seng TECH Index.

CSOP Hang Seng TECH Index ETF (03033.HK) closely tracks the Hang Seng TECH Index. The index represents the 30 largest Hong Kong-listed companies with high business exposure to technology themes; constituents must be classified under Industrials, Consumer Discretionary, Healthcare, Financials or Information Technology and be highly exposed to at least one of the Internet (including mobile), FinTech, Cloud, E-commerce, Digital or Autonomous themes. The index is freefloat-adjusted market-capitalisation weighted with an 8% cap on individual constituents and is reviewed quarterly. The fund mainly adopts a full replication strategy, investing in index securities in broadly the same proportions as in the index.

China Merchants Securities believes that after the rebound, the focus of allocation has shifted from long-term optionality to near-term earnings delivery; in a higher-for-longer rate environment, investors should focus on earnings strength and shareholding structure, with technology leaders that have the hardest earnings and clean positioning plus dividend plays as anear-term base while awaiting a broad-based technology recovery once US Treasury yields turn; the 10-year US Treasury yield remains high at 5.2%-5.3%, and the Fed's September minutes were hawkish with no hike in October as the base case.