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of <h1>New ETF launches tracking Shenzhen innovative companies through China-Singapore ETF Link program</h1> An asset management company introduced a new ETF on Singapore Exchange under the China-Singapore ETF Link program, partnering with a Chinese fund manager. The ETF tracks an index of innovative companies listed on Shenzhen Stock Exchange, with over 90% weighted in strategic emerging industries including next-generation information technology, new energy vehicles, and biotechnology. The underlying index constituents have shown strong fundamentals with 21% compound annual revenue growth and 14% net profit growth since 2021. ETFs tracking this index hold over USD 16.3 billion in assets. This listing expands the China-Singapore ETF Link program to 10 ETFs since its 2022 launch, strengthening financial cooperation between the markets and providing overseas investors access to China's growth sectors through cross-border investment vehicles.
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