The financial technology sector showed mixed performance on June 30, with stablecoin-related stocks continuing their upward momentum. The ChinaAMC Financial Technology ETF (516100), which holds the highest concentration of stablecoin-linked assets in the market, rose 0.37%, attracting ¥170 million in net inflows over four days. Among its holdings, Cuiwei Co. surged by the daily limit (10%), while Yuxin Technology gained over 9%. Other top performers included Dongxin Peace and Chutian Dragon, while DZH, Yinzhi Jie, and Jing Beifang declined.
Meanwhile, the Brokerage ETF (515010) dipped by 1.15%, reflecting subdued sentiment in the traditional securities sector.
Hong Kong’s Stablecoin Legislation Signals Financial Innovation Acceleration
The recent passage of Hong Kong’s stablecoin regulatory framework highlights two key trends:
1. Blockchain and cryptocurrency technologies are entering a phase of rapid adoption.
2. The region is fostering a pro-innovation stance to solidify its role as a fintech hub.
At the 2025 Lujiazui Forum, China’s central bank announced eight financial liberalization measures, including:
– Establishing an international digital yuan operations center to facilitate cross-border transactions.
– Piloting blockchain-based trade finance solutions in Shanghai, such as airfreight and shipping LC refinancing.
– Expanding funding support for tech-driven enterprises.
These policies create a favorable environment for financial technology innovation, particularly in digital assets and decentralized finance (DeFi).
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Spotlight on ChinaAMC Financial Technology ETF (516100)
This ETF tracks the CSI Fintech Index, which covers:
– Software development
– Online financial services
– Digital currency infrastructure
Top Holdings & Stablecoin Exposure
| Category | Representative Stocks | Weighting |
|---|---|---|
| Fintech Leaders | Tonghuashun, East Money, Hundsun Technologies | 45% |
| Stablecoin Pioneers | Dongxin Peace, Wins Finance, Lakala | 20.66% |
With 20.66% stablecoin-linked exposure—the highest among all ETFs—it offers concentrated access to this high-growth niche. Offshore feeder funds (023884/023885) are available for non-A-share investors.
Brokerage ETF (515010): A Cost-Efficient Play on Market Recovery
Tracking the CSI All Share Brokers Index, this ETF provides:
– Low fees: 0.2% total expense ratio (industry minimum)
– Direct exposure to cyclical upside in brokerage stocks
FAQ
Q: Why are stablecoin stocks gaining attention?
A: Regulatory clarity (e.g., Hong Kong’s bill) and central bank digital currency (CBDC) initiatives are driving institutional interest.
Q: How does the Fintech ETF differ from traditional banking funds?
A: It emphasizes technology disruptors (e.g., payment processors, blockchain firms) rather than conventional lenders.
Q: What risks accompany stablecoin investments?
A: Volatility from regulatory shifts and competition among private/public digital currencies.
Q: Is the Brokerage ETF suitable for long-term holding?
A: It’s best for cyclical bets—performance ties closely to trading volumes and IPO activity.
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Key Takeaways
- Policy tailwinds: China’s fintech-friendly measures are boosting sectors like stablecoins and CBDCs.
- ETF advantages: The 516100 ETF combines diversification with targeted stablecoin exposure.
- Cost matters: The 515010 ETF’s ultra-low fees make it efficient for brokerage sector exposure.
The convergence of financial innovation and supportive regulation underscores long-term growth potential in these ETFs. Investors should monitor central bank digital currency developments and global stablecoin adoption trends.