ChinaAMC Hang Seng Biotech ETF (03069) climbed more than 2% against the broader market's downturn, trading 1.96% higher at HK$15.63 as of press time, with turnover reaching HK$27.30 million.
GenScript Biotech (01548), one of the top ten holdings in the ChinaAMC Hang Seng Biotech ETF, skyrocketed 15% today following its announcement of a collaboration with Eli Lilly's AI/machine learning drug discovery platform, Lilly TuneLab. Additionally, Novo Nordisk and Anthropic have signed a cooperation agreement, together fueling gains across the AI-driven pharmaceutical supply chain.
Where to begin with this momentum? Public filings show the ChinaAMC Hang Seng Biotech ETF tracks the Hang Seng Biotechnology Index, with constituent stocks including GenScript Biotech, Innovent Biologics, and BeiGene—a roster of leading China-based biotech firms with global competitiveness. The ETF was officially included in the Stock Connect program on July 22, 2024, making it one of the accessible Hong Kong-listed ETFs for mainland investors seeking exposure to innovative drugs and biotech through the channel.