Mirae Asset Global Investments (Hong Kong) has launched a new exchange-traded fund (ETF) to offer a diversified investment opportunity in innovative small and medium-sized enterprises (SMEs) with high-growth potential benefiting from China's policy dividends.

The Global X China Little Giants ETF (2815.HK) tracks the Solactive China Little Giants Index, investing in securities of 50 nationally recognized "little giant" enterprises selected by the Chinese government.

As China's economy transitions from high GDP growth to high-quality development, accelerating technological innovation has become a crucial initiative for achieving structural transformation and industrial upgrading.

These "little giant" enterprises focus on niche markets, possess strong innovation capabilities, and demonstrate growth potential, aligning with the current needs of China's economy and the development trends of the era, thereby offering vast growth opportunities, Mirae Asset says.

The ETF allows investors to conveniently and cost-effectively participate in China's rapid growth in strategic sectors such as semiconductors, advanced manufacturing, pharmaceuticals, and new energy, the firm adds.

It has a maximum total expense ratio of 0.68% for the first 12 months, applicable to both retail and institutional investors, and can be traded during normal trading hours on the Hong Kong Stock Exchange.