# Harvest STAR Chip ETF Lists in Hong Kong, Offering Exposure Across the STAR Market Chip Value Chain

- Link: https://www.thailand-business-news.com/pr-news/harvest-star-chip-etf-lists-in-hong-kong-offering-exposure-across-the-star-market-chip-value-chain
- Published: 2026-11-06T21:41:00+07:00
- Author: PR Newswire

HONG KONG, Nov. 6, 2026 /PRNewswire/ — Harvest Global Investments Limited ("HGI")
today announced that Harvest STAR Chip ETF (HKD counter stock code: 3559; USD counter
stock code: 41559; the "Fund") has officially listed on The Stock Exchange of Hong
Kong Limited ("SEHK").

 [⌊Harvest STAR Chip ETF⌉](https://mmx.prnasia.com/media/MS2029091/20261106054652EST_image_1.jpg?id=OA3062868&p=medium600)

Harvest STAR Chip ETF

The listing ceremony for Harvest STAR Chip ETF was held at HKEX. Attendees included
Song Guo, Chief Compliance Officer, and Bin Liu, Chief Investment Officer of Index
and Quantitative Investment, of Harvest Fund Management Co., Ltd.;  Zhixin Chen,
Chief Executive Officer, Kevin Shu, Chief Marketing Officer, and Yiqian Jiang, Chief
Investment Officer, of Harvest Global Investments Limited; Sophia Kim, Head of Private
Wealth APAC ex Japan and Head of Xtrackers Sales APAC, and Elke Schoeppl-Jost, Regional
Investment Head APAC, of DWS Investments Hong Kong Limited; Lihua Song, Chief Business
Officer of CMB Wing Lung Bank Limited; and Lorraine Toh, Alternate Chief Executive
and Chief Operating Officer of Deutsche Bank AG, Hong Kong Branch, and Co-Chief 
Operating Officer for Developed Asia (ex Australia), together with other guests.

Zhixin Chen, Chief Executive Officer of HGI, said in his remarks: "The core driver
of momentum in the chip industry is the transmission of AI computing demand from
individual segments to the entire value chain. From chip design to wafer fabrication,
and from packaging and testing to equipment and materials, China’s semiconductor
industry is experiencing coordinated momentum across the full value chain. Harvest
STAR Chip ETF uses a mainland China-listed A-share ETF as its Master ETF, representing
another practical application of mutual market access between mainland China and
Hong Kong at the product level. As China’s economy accelerates its transition towards
innovation-driven growth, international investors’ allocation to Chinese assets 
is expected to extend from broad market indices to specific industries and themes.
Hong Kong’s role as a hub connecting mainland China with global markets will become
increasingly prominent. HGI will continue to connect quality mainland assets with
Hong Kong’s international platform, providing overseas investors with a convenient
point of access for asset allocation. We will serve as a cross-border bridge, expand
the range of products linking the two markets, and work with all parties to support
Hong Kong’s development as an international financial centre."

**Capturing Industry Opportunities from AI Demand and Domestic Substitution**

The development of large AI models and computing infrastructure has drawn market
attention to chip-related segments such as GPUs, memory and advanced packaging. 
As AI applications extend from training to inference, the associated demand also
involves chip design, manufacturing, materials, equipment, packaging and testing.
Technological advances and supply capabilities across these segments have become
important factors in assessing the semiconductor industry’s development.

In China, the chip industry is a strategic, foundational and pioneering industry
that supports economic and social development. Policy measures such as preferential
income tax policies, support from the National Integrated Circuit Industry Investment
Fund and additional value-added tax ("VAT") deductions, together with domestic substitution
and AI demand, form the backdrop to the development of the STAR Market chip industry.
Focusing on this industry, Harvest STAR Chip ETF uses an index-based approach to
offer investors an allocation option spanning different segments of the chip value
chain.

**A Master-Feeder Structure Connecting Hong Kong and Mainland Markets**

Managed by HGI, the Fund adopts a master-feeder structure. It will invest at least
90% of its net asset value ("NAV") in Harvest SSE STAR Chip ETF (stock code: 588200;
the "Master ETF")^(*), which is listed on the Shanghai Stock Exchange, through the
Manager’s Qualified Foreign Investor ("QFI") status and/or Shanghai-Hong Kong Stock
Connect. The Master ETF^(*) is managed by Harvest Fund Management Co., Ltd. and 
tracks the SSE STAR Chip Index (index code: 000685).

This structure links the mainland Master ETF^(*) managed by Harvest Fund Management
Co., Ltd. with the Hong Kong-listed feeder fund managed by HGI. Cross-border investment
in the Master ETF^(*) takes place at the fund level. Investors in the Hong Kong 
market can gain indirect exposure to STAR Market chip assets by trading units of
the Fund, providing a channel for those seeking to allocate to the industry through
the Hong Kong market.

The SSE STAR Chip Index covers areas including chip design, manufacturing and semiconductor
equipment. Its ten largest constituents and their subsector classifications are 
shown below.

  |

No.

  |

Constituent

  |

Weight

  |

Subsector Classification

  |  
 |

01

  |

Cambricon

  |

9.71 %

  |

Digital Chip Design

  |  
 |

02

  |

AMEC

  |

8.34 %

  |

Semiconductor Equipment

  |  
 |

03

  |

Montage Technology

  |

8.11 %

  |

Digital Chip Design

  |  
 |

04

  |

SMIC

  |

7.97 %

  |

Integrated Circuit Manufacturing

  |  
 |

05

  |

Hygon Information Technology

  |

7.37 %

  |

Digital Chip Design

  |  
 |

06

  |

Yuanjie Semiconductor Technology

  |

5.61 %

  |

Discrete Semiconductor Devices

  |  
 |

07

  |

Piotech

  |

4.43 %

  |

Semiconductor Equipment

  |  
 |

08

  |

Hwatsing Technology

  |

3.15 %

  |

Semiconductor Equipment

  |  
 |

09

  |

Hua Hong Grace

  |

3.04 %

  |

Integrated Circuit Manufacturing

  |  
 |

10

  |

Skyverse Technology

  |

2.99 %

  |

Semiconductor Equipment

  |

  |    |  
 |

Top 10 Constituents of the SSE STAR Chip Index

  |  
 |

Sources: Harvest and Bloomberg. Data as of 30 September 2026. Industry classifications follow the Shenwan Level 3 Industry Classification. The Index constituents and weights shown above do not represent the direct holdings of the Hong Kong-listed ETF and do not constitute individual stock recommendations or investment valuation assessments.

  |  
 |    |

**Up to 50 Constituents Spanning the Chip Value Chain**

The SSE STAR Chip Index selects from STAR Market-listed securities in semiconductor
materials and equipment, chip design, manufacturing, packaging and testing. After
a liquidity screen, no more than 50 securities are selected based on their average
daily total market capitalisation over the preceding year. The Index is reviewed
quarterly, with a 10% cap on the weight of any individual constituent applied at
each regular review.

The Index covers the following principal segments of the value chain:

 ◦ Semiconductor materials and equipment: Materials and equipment required for chip
   production, forming the upstream manufacturing foundations of the value chain.
 ◦ Chip design: Chip design companies serving demand for computing power and a range
   of end-use applications.
 ◦ Chip manufacturing: Activities such as wafer fabrication, translating chip designs
   into physical production.
 ◦ Chip packaging and testing: Packaging and testing activities linking chip production
   with downstream applications.

**Historical Index Performance and a Long-Term Allocation Perspective**

According to data from Hithink RoyalFlush, the SSE STAR Chip Index rose by more 
than 200% from its base date of 31 December 2019 to 23 October 2026. Its cumulative
gain over the three years ended 23 October 2026 exceeded 150%.

The listing of Harvest STAR Chip ETF further broadens the range of STAR Market chip
investment tools available in Hong Kong. By linking a mainland Master ETF^(*) with
a Hong Kong-listed feeder fund, it offers investors a channel for cross-border participation
in the chip industry. Investors may assess the relevant allocation opportunities
and risks in light of their investment objectives, investment horizons and risk 
tolerance.

**About Harvest Global Investments Limited**

Established in Hong Kong in 2008, Harvest Global Investments Limited is a subsidiary
of Harvest Fund Management Co., Ltd. As the core platform for its parent company’s
international business, Harvest Global Investments Limited holds SFC licences of
Type 1 (Dealing in Securities), Type 4 (Advising on Securities) and Type 9 (Asset
Management) regulated activities. Drawing on the strength and brand heritage of 
Harvest Fund Management Co., Ltd., Harvest Global Investments Limited continues 
to provide global investors with asset management services, including equity, fixed
income, index and multi-strategy solutions.

**Notes**

^(*) Harvest SSE STAR Chip ETF (the Master ETF) is not authorised by the SFC and
will not be offered directly to the public in Hong Kong.

**Important Information and Risk Disclosures**

IMPORTANT: Investment involves risks, including possible loss of principal amount
invested. Past performance or any prediction or forecast is not indicative of future
results. Investors should read the offering documents of Harvest STAR Chip ETF (
the "Sub-Fund") for further details, including the risk factors, before investing.
Investors should not base investment decisions on this material alone. Investors
should note:

 ◦ The Sub-Fund is a feeder fund which will invest at least 90% of its NAV in the
   Harvest SSE STAR Chip ETF (the "Master ETF"). The Master ETF is regulated by 
   the CSRC and is subject to the applicable PRC mainland laws and regulations. 
   The Master ETF is subject to chip industry concentration risks, PRC mainland 
   market and concentration risks and  risk of investing in the STAR Market.
 ◦ The relevant rules and regulations (including restrictions on investments, repatriation
   of principal and profits, taxation) in the PRC mainland are subject to change
   which may have potential retrospective effect. Where a suspension or intervention
   in the trading through the QFI regime and/or the Stock Connect is effected, the
   Sub-Fund’s ability to achieve its investment objective could be negatively affected.
 ◦ There are risks and uncertainties associated with the current PRC mainland tax
   laws, regulations and practice in respect of capital gains realised via the QFI
   regime or the Stock Connect. Any increased tax liabilities on the Sub-Fund may
   adversely affect the Sub-Fund’s value.
 ◦ Investors of Listed and Unlisted Classes of Units are subject to different pricing
   and dealing arrangements. The NAV per Unit of each of the Listed and Unlisted
   Classes of Units may be different due to different fees and cost applicable to
   each class. The trading hours of SEHK applicable to the Listed Class of Units
   in the secondary market, the dealing deadlines in respect of the Listed and/or
   Unlisted Classes of Units in the primary market, may be all different. In view
   of the differences in fee and cost arrangements between the Listed and Unlisted
   Classes, the NAV per Unit of each of the Listed Class of Units and Unlisted Classes
   of Units may also be different.
 ◦ The Sub-Fund is subject to general investment risk, trading differences risks,
   RMB currency risk and risk relating to distributions paid out of capital.

The Sub-Fund is authorized by the Securities and Futures Commission in Hong Kong("
SFC"). Such authorization does not imply official recommendation by the SFC.

Investment involves risks, including possible loss of principal amount invested.
Past performance or any prediction or forecast is not indicative of future results.
Investors should read the offering documents for further details, including the 
risk factors, before investing. Investment returns not denominated in HKD/USD are
exposed to exchange rate fluctuations. This document is published by Harvest Global
Investments Limited and has not been reviewed by the Securities and Futures Commission
in Hong Kong.

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