HSBC has facilitated the listing of Premia China STAR50 ETF in the Hong Kong Stock Exchange. With an initial launch size of 204 million yuan (US$31.54 million), the exchange-traded fund is one of the largest funds tracking the biggest and most liquid stocks traded on the Science and Technology Innovation Board of the Shanghai Stock Exchange, also known as the STAR Market.

The bank has also been appointed as trustee, global custodian, fund administrator, swap counterparty, and cross-border equity execution for the fund.

“Our integrated team collaborating across different jurisdictions demonstrates that we have a leading end-to-end ETF solution supporting our clients. We are delighted to continue growing our partnership with Premia Partners, following their successful ETF launches including Premia China Treasury & Policy Bond Long Duration ETF and Premia China USD Property Bond ETF,” says Steven McCullough, head of business development & client management Asia, Securities Services, HSBC.

Rebecca Chua, managing partner of Premia Partners, adds: “HSBC has been our important partner since inception of Premia. Managing ETFs is like conducting an orchestra that you need every element to be meticulous, and we are very fortunate to find such great rapport across the HSBC teams that are not only very professional practitioners, but also share our vision and passion for bringing innovative, institutional grade ETFs to Asia better, faster.”