Paving the Way for China ESG

KraneShares
By May 5, 2022 12:02

Paving the Way for China ESG

After battling through negative headlines, China’s internet companies saw some reprieve from a sentiment perspective in March after Vice Premier Liu He suggested that the latest regulatory cycle had come to an end and that China’s regulators were making good progress in solving issues surrounding the Holding Foreign Companies Accountable Act (HFCAA) by working with their counterparts in the US.

Nonetheless, we are converting our holdings of American depositary receipts (ADRs) to Hong Kong shares. Currently, about 71% of KWEB’s holdings by weight are comprised of Hong Konglisted Chinese companies as of March 11th, 2022. We expect the portfolio to be wholly comprised of Hong Kong listings by the end of 2022.

KraneShares
By May 5, 2022 12:02

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