By Cision
Chinese asset managers poured $4.47 into STAR Market in H2 to support tech companies, while ChinaAMC maintained its lead in number of product and AUM BEIJING, July 7, 2025 /PRNewswire/ — China’s asset managers are flocking to the Shanghai Stock Exchange Science and Technology Innovation Board, known as China’s answer to Nasdaq, pouring about 32 billion yuan ($4.47) into the sector in the first half of this year through 40 newly established ETFs. Also known as STAR Market, the board has become a magnet for investors due to its high exposure to China’s tech-heavy sectors like semiconductors, biopharmaceuticals, and renewable energy. It has shown resilience as the trade shocks highlighted the urgency of technological self-reliance. Catering to investors’ strong demand, China’s asset managers have been competing with one another to launch broad-based ETFs, such as the STAR Market Composite Index-tracking ETFs, as well as sectoral ETFs such as ones that track STAR Market semiconductors, artificial intelligence, biopharmaceuticals and new energy indices, according to data from Wind. Among these new launches, China Asset Management (referred as ChinaAMC below) is the most active manager, with four products launched this year alone. The latest addition is a product that tracks biopharmaceutical companies in STAR market launched in May that drew in 200 million yuan. Upon the latest offering, ChinaAMC has built a product line in STAR Market that features eight ETFs, covering both broad-based, thematic and sector ETFs (see details in the chart), leading in both number of products and AUM. ChinaAMC’s product lineup in STAR Market