Replay: The ‘Nasdaq of China’ is Here: Overview of Shanghai’s STAR Market
Tuesday, June 8, 2021 13:00 - 14:00 GMT
An introduction to the KraneShares ICBCCS SSE STAR Market 50 Index UCITS ETF (ticker: KSTR)
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The ‘Nasdaq of China’ is Here: Overview of Shanghai’s STAR Market Tuesday, June 8, 2021 13:00 - 14:00 GMT
On May 26th, we launched the KraneShares ICBCCS SSE STAR Market 50 Index UCITS ETF (Ticker: KSTR) offering exposure to the SSE Science and Technology Innovation Board (STAR Market) – described in a recent Bloomberg headline as the “Nasdaq of China”.
Since its establishment in July 2019, the STAR Market has become one of the largest IPO markets globally and a premier listing venue for prominent Chinese “unicorns” – privately held startup companies valued at over $1 billion. In just over a year, the STAR Market facilitated 200 companies to raise $44 billion.1 The increase in fund-raising activity on Chinese exchanges last year is mainly attributable to new STAR Market listings, which accounted for 47% of capital raised across China’s Mainland A-Share market in 2020.2
In this webinar ICBC portfolio manager Jackson Yu, CFA, and ICBC Director of Sales, Joe Fan, CAIA, join KraneShares CIO Brendan Ahern, and KraneShares Head of International, Dr. Xiaolin Chen, to discuss:
- What is the STAR market, why was it formed, and what differentiates it from other exchange boards?
- How growth-oriented companies listed on the STAR Market differ significantly from companies on other A-share listing venues.
- As select STAR Market companies becoming eligible for the Hong Kong Stock Connect program, there could be an influx of new investors.
- Potential MSCI inclusion of Connect-eligible names could benefit the STAR market as a whole.
- Potential diversification benefits from adding STAR Market exposure to portfolios.
Jackson Yu is a member of ICBC Credit Suisse Asset Management’s Active Equities Investment Team. He specializes in the research and investment of H-Shares mid and small-cap equities. Prior to joining ICBCCS in 2016, Mr. Yu had held sell-side equity research positions at RHB, Daiwa Capital Markets Hong Kong Limited, and UOB Kay Hian. Mr. Yu has more than 12 years of experience in the securities industry. Mr. Yu received his B.S. in Mathematics from The Chinese University of Hong Kong.
Joe Fan is a Director of Sales for ICBC Credit Suisse Asset Management (International). He is responsible for driving growth in ICBCCS’ institutional client business in the overseas markets. Prior to joining ICBCCS in 2021, Mr. Fan was at Haitou Global in charge of fundraising activities for its Pre-IPO and Emerging Tech Funds, and at ICBC in charge of institutional client coverage. Mr. Fan started his career at BSI Energy Ventures working on renewable energy projects. Mr. Fan received his M.S. in Operations Research from Columbia University, B.A./M.A. in Economics and B.A. in Mathematics from Boston University.
Brendan Ahern joined KraneShares in June 2012 to head the firm’s efforts in becoming the leading provider of China-focused exchange-traded funds (ETFs) and Chinese investment education for US clients. Since early 2001, Brendan worked for one of the largest global ETF providers where he was an original member of the business development team. His “from the ground up” experience at a global ETF provider allowed him to become intimately acquainted with all aspects of the business. His expertise spans product development, marketing, branding, business strategy, operations, portfolio management, trading, and client execution.
Xiaolin is a Managing Director, Head of International of KraneShares based out of the United Kingdom. Xiaolin oversees investment solutions and strategy efforts and manages the firm’s business outside of the United States. She has extensive experience in both London and New York developing and managing investment solutions to help clients meet a wide range of investment targets and objectives. Xiaolin has covered clients across EMEA, Asia, and the United States and has in-depth onshore and offshore multi-asset investment solution knowledge.
- CNBC, “China’s experimental stock board gains 200th IPO just over a year after launching”, December 6, 2020.
- The Asset, “A bumper IPO year despite Covid-19”, December 14, 2020.