InnovestX, the investment flagship of the SCBX Group, is solidifying its position in global markets with the launch of five new Depositary Receipts (DR23) covering leading companies in China and Hong Kong. The move follows strong demand for the initial DR23 series, providing Thai investors with expanded access to high-potential assets in the world’s second-largest economy.
The new DR23 series includes prominent stocks from key sectors, reflecting InnovestX’s strategy to help investors build a diversified, “all-weather portfolio” to navigate market volatility.
Why Invest in China and Hong Kong Now?
Payon Pongsawaree, Chief Investment Officer of InnovestX, noted that while China’s economy still faces geopolitical pressures, a series of government stimulus measures have driven a broad-based recovery. The International Monetary Fund (IMF) recently revised its growth forecast for China to 4.8%, up significantly from 4%.
“Their strong growth potential, combined with government policies that support critical industries, makes this an opportune time to gradually accumulate quality assets from both the Chinese and Hong Kong markets,” Pongsawaree said.
The New DR23 Series: Unlocking Global Giants
The five new DR23 securities give Thai investors a direct gateway to some of Asia’s most influential companies:
- SMIC23: A DR of SMIC, China’s top semiconductor manufacturer and a key supplier to global tech giants like Huawei and Qualcomm.
- KUAISH23: A DR of Kuaishou, a major social media and e-commerce platform and a leading competitor to TikTok with over 400 million daily active users.
- HUAHONG23: A DR of Huahong Semiconductor, a specialized chipmaker serving high-growth sectors such as EVs, IoT, and clean energy.
- AIA23: A DR of AIA Group, Asia’s largest life insurer with a comprehensive portfolio spanning life, health, and investment products.
- HKEX23: A DR of HKEX, the Hong Kong Stock Exchange, a premier global financial hub connecting China to the world.
Simple, Accessible, and Hassle-Free Investing
InnovestX continues to make global investing simple and convenient for all Thai investors. The new DRs can be traded on the Streaming application just like local stocks, with no foreign tax obligations. To ensure liquidity and smooth transactions, each DR23 is backed by a dedicated Market Maker during trading hours.
The launch of the new DR23 series is a testament to InnovestX’s commitment to empowering Thai investors with access to world-class investment opportunities, helping them navigate market cycles and achieve their long-term financial goals.
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