HK shares ETFs Daily Report: E Fund (HK) CSI Liquor Index ETF Rises 1.80% to Lead as ChiNext Leveraged Product Falls 8.81% — October 29, 2026

NewTimeSpace · 2026/10/29 16:50 · By Jiayi Sun

On October 29, 2026, defensive themes prevailed in the Hong Kong ETF market. E Fund (HK) CSI Liquor Index ETF (03189.HK) rose 1.80% to lead, with four dividend and high-yield products in the top ten, while technology growth sank, led by Bosera SZSE ChiNext Daily (2x) Leveraged Product (07234.HK) down 8.81% and every top-ten decliner down at least 4.33%; Southbound gainers were all dividend products.

Key Highlights:

The four dividend and high-yield products in the top ten were Global X Asia Pacific High Dividend Yield ETF (03116.HK) up 1.78%, Ping An of China CSI HK Dividend ETF (03070.HK) up 0.96%, Fullgoal Hang Seng HK High Dividend ETF (03031.HK) up 0.65% and ChinaAMC FTSE Hong Kong High Dividend ETF (03590.HK) up 0.61%.
Nine of the top ten decliners were technology products and one was a CSI 300 broad-based ETF, with the range running from -4.33% to -8.81%: the 5G product fell 6.71%, the PCB product 6.38%, the CSI 300 ETF 5.78% and the Hang Seng AI ETF 5.07%.
All five Southbound gainers were dividend products, led by Ping An of China CSI HK Dividend ETF (03070.HK) at 0.96%, E Fund (HK) MSCI Asia Pacific Select High Dividend Index ETF (03483.HK) at 0.55% and Bosera China Reform Hong Kong Central-SOEs High Dividend Yield Index ETF (03437.HK) at 0.42%; all five losers were AI and Hang Seng TECH products, led by E Fund (HK) FTSE AI Select Index ETF (03489.HK) at -3.70%.

On October 29, 2026, defensive themes prevailed in the Hong Kong ETF market. Liquor, dividend, healthcare, innovative finance and Saudi Arabia themes led the gainers, with gains modest overall and a top gain of 1.80%. On the downside, technology growth themes pulled back sharply, with ChiNext leveraged products, 5G, PCB, little-giant, CSI 300, AI and optical communications directions all falling more than 4.3%. Among Southbound (Stock Connect) ETFs, dividend products edged up while AI and Hang Seng TECH themes led the declines.

The market's leading product was a liquor ETF. E Fund (HK) CSI Liquor Index ETF (03189.HK), managed by E Fund Management (Hong Kong) Co., Limited, rose 1.80% to top the gainers list, tracking the CSI Liquor Index.

Dividend and high-yield products advanced collectively. Global X Asia Pacific High Dividend Yield ETF (03116.HK), managed by Mirae Asset Global Investments (Hong Kong) Limited, rose 1.78%, tracking the Solactive Asia Pacific High Dividend Yield Index; Ping An of China CSI HK Dividend ETF (03070.HK), managed by Ping An of China Asset Management (Hong Kong) Company Limited, rose 0.96%, tracking the CSI Hong Kong Dividend Index; Fullgoal Hang Seng HK High Dividend ETF (03031.HK), managed by Fullgoal Asset Management (Hong Kong) Limited, rose 0.65%, tracking the Hang Seng Stock Connect High Dividend Low Volatility Index; and ChinaAMC FTSE Hong Kong High Dividend ETF (03590.HK), managed by China Asset Management (Hong Kong) Limited, rose 0.61%. Four dividend and high-yield ETFs made the top ten gainers.

Healthcare and innovative finance themes also performed. Ping An of China Trust - Ping An Healthcare 50 Select ETF (03500.HK), managed by Ping An of China Asset Management (Hong Kong) Company Limited, rose 0.99%; ChinaAMC Innovative Drugs (03525.HK), managed by China Asset Management (Hong Kong) Limited, rose 0.75%; Global X Innovative Finance ETF (03185.HK), managed by Mirae Asset Global Investments (Hong Kong) Limited, rose 1.56%.

In addition, Global X AI Infrastructure ETF (03401.HK), managed by Mirae Asset Global Investments (Hong Kong) Limited, rose 1.12%; CSOP Saudi Arabia ETF (02830.HK), managed by CSOP Asset Management Limited, rose 0.77%, tracking the FTSE Saudi Arabia Index (SAR) (NTR).

Hong Kong Equity ETFs — Top 10 Gainers (October 29, 2026)
Rank	Code	Name	Change (%)	Underlying Index	Manager
1	03189.HK	E Fund (HK) CSI Liquor Index ETF	1.80	CSI Liquor Index	E Fund Management (Hong Kong) Co., Limited
2	03116.HK	Global X Asia Pacific High Dividend Yield ETF	1.78	Solactive Asia Pacific High Dividend Yield Index (Net Total Return)	Mirae Asset Global Investments (Hong Kong) Limited
3	03185.HK	Global X Innovative Finance ETF	1.56	—	Mirae Asset Global Investments (Hong Kong) Limited
4	03401.HK	Global X AI Infrastructure ETF	1.12	—	Mirae Asset Global Investments (Hong Kong) Limited
5	03500.HK	Ping An of China Trust - Ping An Healthcare 50 Select ETF	0.99	—	Ping An of China Asset Management (Hong Kong) Company Limited
6	03070.HK	Ping An of China CSI HK Dividend ETF	0.96	CSI Hong Kong Dividend Index	Ping An of China Asset Management (Hong Kong) Company Limited
7	02830.HK	CSOP Saudi Arabia ETF	0.77	FTSE Saudi Arabia Index (SAR) (NTR)	CSOP Asset Management Limited
8	03525.HK	ChinaAMC Innovative Drugs	0.75	—	China Asset Management (Hong Kong) Limited
9	03031.HK	Fullgoal Hang Seng HK High Dividend ETF	0.65	Hang Seng Stock Connect High Dividend Low Volatility Index (NTR)	Fullgoal Asset Management (Hong Kong) Limited
10	03590.HK	ChinaAMC FTSE Hong Kong High Dividend ETF (Distribution Listed Class)	0.61	—	China Asset Management (Hong Kong) Limited
Source/Compilation: Wind / NewTimeSpace, as of the close on October 29, 2026. Coverage: HKD-denominated equity ETFs listed in Hong Kong only.

On the downside, the ChiNext leveraged product led the declines. Bosera SZSE ChiNext Daily (2x) Leveraged Product (07234.HK), managed by Bosera Asset Management (International) Co., Limited, fell 8.81%, the largest decliner of the day as a daily 2x leveraged product on the ChiNext Index; the same ETF had risen 6.84% on October 28.

5G and PCB themes pulled back sharply. CSOP Yinhua CSI 5G Communications Theme ETF (03193.HK), managed by CSOP Asset Management Limited, fell 6.71%, tracking the CSI 5G Communications Theme Index; Value Partners Printed Circuit Board Active ETF (02813.HK), managed by Value Partners Hong Kong Limited, fell 6.38% after rising 5.77% on October 28.

Little-giant, broad-based and AI themes declined broadly. Global X China Little Giant ETF (02815.HK), managed by Mirae Asset Global Investments (Hong Kong) Limited, fell 5.85%, tracking the Solactive China Little Giant Index; ChinaAMC CSI 300 Index ETF (03188.HK), managed by China Asset Management (Hong Kong) Limited, fell 5.78%, tracking the CSI 300 Index; Hang Seng AI Advancement ETF (03438.HK), managed by Hang Seng Investment Management Limited, fell 5.07%, tracking the Hang Seng Artificial Intelligence Theme Index.

Optical communications and pioneer technology themes also weakened. Value Partners Optical Communication Active ETF (02811.HK), managed by Value Partners Hong Kong Limited, fell 4.80% after topping the gainers list at 8.63% on October 28; CSOP Hang Seng Pioneer Technology Index ETF (03149.HK), managed by CSOP Asset Management Limited, fell 4.80%, tracking the Hang Seng Pioneer Technology Index.

China technology and ChiNext themes fell in tandem. Global X China Core TECH ETF (03448.HK), managed by Mirae Asset Global Investments (Hong Kong) Limited, fell 4.72%, tracking the Mirae Asset China Technology Top 30 Index; CSOP SZSE ChiNext ETF (03147.HK), managed by CSOP Asset Management Limited, fell 4.33%, tracking the ChiNext Index.

Hong Kong Equity ETFs — Top 10 Losers (October 29, 2026)
Rank	Code	Name	Change (%)	Underlying Index	Manager
1	07234.HK	Bosera SZSE ChiNext Daily (2x) Leveraged Product	-8.81	ChiNext Index (HKD) (CNH)	Bosera Asset Management (International) Co., Limited
2	03193.HK	CSOP Yinhua CSI 5G Communications Theme ETF	-6.71	CSI 5G Communications Theme Index	CSOP Asset Management Limited
3	02813.HK	Value Partners Printed Circuit Board Active ETF	-6.38	—	Value Partners Hong Kong Limited
4	02815.HK	Global X China Little Giant ETF	-5.85	Solactive China Little Giant Index (Net Total Return)	Mirae Asset Global Investments (Hong Kong) Limited
5	03188.HK	ChinaAMC CSI 300 Index ETF	-5.78	CSI 300 Index	China Asset Management (Hong Kong) Limited
6	03438.HK	Hang Seng AI Advancement ETF	-5.07	Hang Seng Artificial Intelligence Theme Index (NTR)	Hang Seng Investment Management Limited
7	02811.HK	Value Partners Optical Communication Active ETF	-4.80	—	Value Partners Hong Kong Limited
8	03149.HK	CSOP Hang Seng Pioneer Technology Index ETF	-4.80	Hang Seng Pioneer Technology Index (NTR)	CSOP Asset Management Limited
9	03448.HK	Global X China Core TECH ETF	-4.72	Mirae Asset China Technology Top 30 Index (Net Return, HKD)	Mirae Asset Global Investments (Hong Kong) Limited
10	03147.HK	CSOP SZSE ChiNext ETF	-4.33	ChiNext Index	CSOP Asset Management Limited
Source/Compilation: Wind / NewTimeSpace, as of the close on October 29, 2026. Coverage: HKD-denominated equity ETFs listed in Hong Kong only.

Among Southbound (Stock Connect) ETFs, dividend products edged up while AI and Hang Seng TECH themes led the declines.

All five gainers were dividend products: Ping An of China CSI HK Dividend ETF (03070.HK), up 0.96% to lead; E Fund (HK) MSCI Asia Pacific Select High Dividend Index ETF (03483.HK), up 0.55%; Bosera China Reform Hong Kong Central-SOEs High Dividend Yield Index ETF (03437.HK), up 0.42%; Global X Hang Seng High Dividend Yield ETF (03110.HK), up 0.21%; and CSOP Hang Seng Stock Connect High Dividend ETF (03469.HK), up 0.06%.

All five decliners were AI and Hang Seng TECH products: E Fund (HK) FTSE AI Select Index ETF (03489.HK), down 3.70% to lead; ChinaAMC Hang Seng Tech Index ETF (03088.HK), down 3.21%; CSOP Hang Seng Tech Index ETF (03033.HK), down 3.01%; CSOP FTSE HK-Korea Tech+ Index ETF (03431.HK), down 2.91%; and Global X Hang Seng TECH ETF (02837.HK), down 2.85%.

Southbound (Stock Connect) ETFs — Gainers and Losers (October 29, 2026)
Rank	Code	Name	Change	Underlying Index	Manager
Gain 1	03070.HK	Ping An of China CSI HK Dividend ETF	0.96	CSI Hong Kong Dividend Index	Ping An of China Asset Management (Hong Kong) Company Limited
Gain 2	03483.HK	E Fund (HK) MSCI Asia Pacific Select High Dividend Index ETF	0.55	MSCI AC Asia Pacific Select High Dividend Index (HKD, Net Return)	E Fund Management (Hong Kong) Co., Limited
Gain 3	03437.HK	Bosera China Reform Hong Kong Central-SOEs High Dividend Yield Index ETF	0.42	China Reform HK Central-SOEs High Dividend Index	Bosera Asset Management (International) Co., Limited
Gain 4	03110.HK	Global X Hang Seng High Dividend Yield ETF	0.21	Hang Seng High Dividend Yield Index	Mirae Asset Global Investments (Hong Kong) Limited
Gain 5	03469.HK	CSOP Hang Seng Stock Connect High Dividend ETF	0.06	Hang Seng Stock Connect High Dividend Low Volatility Index	CSOP Asset Management Limited
Loss 5	02837.HK	Global X Hang Seng TECH ETF	-2.85	Hang Seng TECH Index	Mirae Asset Global Investments (Hong Kong) Limited
Loss 4	03431.HK	CSOP FTSE HK-Korea Tech+ Index ETF	-2.91	—	CSOP Asset Management Limited
Loss 3	03033.HK	CSOP Hang Seng Tech Index ETF	-3.01	Hang Seng TECH Index	CSOP Asset Management Limited
Loss 2	03088.HK	ChinaAMC Hang Seng Tech Index ETF	-3.21	Hang Seng TECH Index	China Asset Management (Hong Kong) Limited
Loss 1	03489.HK	E Fund (HK) FTSE AI Select Index ETF	-3.70	FTSE Custom Global AI Select Index (Net Return)	E Fund Management (Hong Kong) Co., Limited
Source/Compilation: Wind / NewTimeSpace, as of the close on October 29, 2026. Coverage: HKD-denominated equity ETFs listed in Hong Kong only.

Data from NewTimeSpace Research Institute shows that market direction reversed overall from the previous session on October 29. The optical communications, Korea and semiconductor themes that had led the gainers on October 28 dropped out of the top ranks, with Value Partners Optical Communication Active ETF swinging from +8.63% to -4.80% and Value Partners Printed Circuit Board Active ETF from +5.77% to -6.38%. The dividend and A-share broad-based directions that had led the declines on October 28 diverged: dividend products turned higher, while CSI 300-related ETFs extended their losses, with ChinaAMC CSI 300 Index ETF down 5.78%. The upside was dominated by defensive directions such as liquor, dividend and healthcare, with a top gain of 1.80%; the downside was concentrated in ChiNext, 5G, AI and technology, with no top-ten decliner falling less than 4.33%. The gap between the two ends was pronounced, with the top decliner more than 10.6 percentage points away from the top gainer. On the Southbound side, all five gainers were dividend products and all five decliners were AI and Hang Seng TECH themes, broadly in line with the overall market direction.

HK Shares ETFs Daily Report E Fund (HK) CSI Liquor Index ETF Bosera Szse Chinext Daily (2x) Leveraged Product