China Asset Management "Partners" with Franklin Templeton to List ETF in Hong Kong, Potentially Establishing a New Paradigm for Cooperation Between Chinese and Foreign Asset Management Institutions

Reporter learned from China Asset Management on the 29th that China Asset Management today listed two ETFs on the Hong Kong Stock Exchange through China Asset Management, mainly investing in companies with cash generation capability under an uncertain market environment, as well as R&D-driven innovative drug companies. The related products were jointly developed by China Asset Management and Franklin Templeton, and are issued and managed by China Asset Management. Industry insiders believe that as the global appeal of China's high-quality assets continues to rise, public funds' "going global" is clearly accelerating, and this "partnership" between China Asset Management and Franklin Templeton may establish a new paradigm for cooperation between Chinese public fund institutions and global asset management giants.