MSCI China A 50 Connect (USD) Index Futures
The MSCI China A 50 Connect Index is constructed from the MSCI China A Index, a broad-based benchmark index which captures large- and mid-cap China A-shares listed on the Shanghai and Shenzhen stock exchanges and accessible through Northbound Stock Connect.
Key Features
- Sector-balanced exposure to China’s A-share market – The MSCI China A 50 Connect Index mirrors the sector weight allocation of the MSCI China A Index, offering a broad sector diversification reflecting the Chinese economy.
- Risk management tool for diversified China portfolios – With an underlying index that is highly correlated to key China A-share indexes, MSCI China A 50 Connect Index Futures are an ideal risk management tool for broad-based equity exposure to China.
- Trade and hedge China exposure in one marketplace – The MSCI China A 50 Connect Index Futures complement HKEX’s China-related products and services, including Stock Connect, Structured Products, ETFs and derivatives, allowing investors to consolidate China exposure in one venue.
- Truly global – The MSCI China A 50 Connect Index Futures are quanto futures which are denominated and cash settled in USD. Trading hours of the futures cover the Asian, European and the US timezones.
Index Performance (January 2015 to July 2021)
Source: Bloomberg, MSCI, as of 30 July 2021
Top 10 Constituents
| Stock | Sector | Float Adjusted Market Cap (USD Billions) | Index Weight |
| Contemporary Amperex Technology | Industrials | 95.73 | 11.48% |
| Kweichow Moutai | Consumer Staples | 60.26 | 7.23% |
| Longi Green Energy | Information Technology | 55.97 | 6.71% |
| Wanhua Chemical Group | Materials | 39.41 | 4.73% |
| China Merchants Bank | Financials | 33.07 | 3.97% |
| Luxshare Precision | Information Technology | 31.92 | 3.83% |
| Wuliangye Yibin | Consumer Staples | 24.48 | 2.94% |
| BYD Company | Consumer Discretionary | 24.40 | 2.93% |
| BOE Technology Group | Information Technology | 23.98 | 2.88% |
| China Tourism | Consumer Discretionary | 23.92 | 2.87% |
| Total | 413.13 | 49.54% | |
Source: MSCI, as of 30 July 2021
Source: HKEX
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