Clifford Chance advises Premia Partners on successful launches of Taiwan and Asia Credit ETFs in Hong Kong

Global law firm Clifford Chance has advised Hong Kong’s leading Exchange Traded Funds (ETF) provider Premia Partners on the successful launches and listings of two ETFs on the Hong Kong Stock Exchange (HKSE):

• the Premia FTSE TWSE Taiwan 50 ETF, which tracks the Taiwan Stock Exchange (TWSE) flagship, capitalisation-weighted FTSE TWSE Taiwan 50 (30% capped) Index, covering a diversified basket of 50 leading companies listed on the TWSE (HKD counter stock code: 3453 / USD counter stock code: 9159); and
• the Premia J.P. Morgan Asia Credit Investment Grade USD Bond ETF, which covers a diversified basket of USD investment grade corporate debt securities from sovereign, quasi-sovereign and corporate issuers in the Asia ex-Japan region (HKD counter stock code: 3411 / USD counter stock code: 9411).

Lead partner Rocky Mui said, “Hong Kong’s favourable regulatory regime, underlying market infrastructure and strategic location makes it a leading hub in the region for ETF issuance and trading. We are delighted to advise Premia Partners on their successful ETF launches, which highlights the continued development of Hong Kong’s retail investment market. These ETFs widen opportunities and ease of access for international and local investors to different asset classes and markets globally, whether that’s the largest companies in Taiwan or investment grade bonds.”

Rocky, senior associate Matthew Wan, associate Winni Choi and paralegal Connie Fung advised on the establishment of the ETF, preparation of the offering documents and assisted with the authorisation process with the Securities and Futures Commission (SFC) and the listing process with the HKSE.

Clifford Chance has advised on Hong Kong’s most significant and innovative ETF launches, including the first low-carbon themed A-share ETF in Hong Kong and the Hang Seng Tech Index ETF, which tracks the 30 largest technology companies by market cap listed in Hong Kong.