Hong Kong stock markets traded steadily on Monday with investors buoyed by the launch of a new batch of exchange-traded funds (ETFs) and the news of a strategic battery partnership between Chinese EV makers NIO and Geely, according to China Global Television Network (CGTN) analyst Timothy Pope.
The benchmark Hang Seng Index was up 0.54 percent to close at 24,642.51 points, the Hang Seng China Enterprises Index rose 0.63 percent to end at 8,216.84 points, and the Hang Seng Tech Index fell 0.37 percent to end at 4,296 points.
"The city there saw the launch of a new batch of exchange-traded funds (ETFs) today, aiming to take advantage of some new rules which allow mainland insurers to buy eligible Hong Kong ETFs through the Stock Connect. Eight ETFs launched today, and there have now been 21 ETF launches or planned launches just during the month of September. Now, that news gave a boost to Hong Kong’s financial sector shares," said Pope.
"We also saw Chinese electric vehicle makers NIO and Geely a bit in focus after announcing a strategic partnership on battery swapping technology. The two companies are going to work on compatible battery-swapping standards and compatible vehicles as well, making sure that they can work together," he said.
Hong Kong markets steady as new ETFs launched
A number of university students in the U.S. capital have shared their views on China's initiative to invite 100,000 young Americans to visit the country for exchanges and study over the next five years.
The program was announced by Chinese President Xi Jinping when addressing a welcome ceremony at the White House during his visit to the United States from Wednesday to Friday.
Many of the students interviewed expressed their hope to visit some well-known places in China like Beijing, Shanghai and Guangdong.
"My dad's been to China for work, and he really loves it, so I'd love to go sometime. Maybe Shanghai. That's where my dad went, and he really liked it there," said a student.
"I've heard of Guangdong. I've heard of the basketball team," another student said.
Many of the students agreed that allowing more young Americans to experience Chinese culture in person would be beneficial for both countries.
"I think that's really cool to have the opportunity to connect with those cultures. And I really do like that idea. I think it's a great idea to invite us to China. It's great," said a student.
"I feel like the culture. I feel like getting the opportunity to immerse yourself in different cultures is really important," said another student.
"There's definitely value in traveling to other places and learning other cultures. So I think that it can be beneficial," said another one.
Even beyond cultural exchange, the students expressed their beliefs that American youth could learn a lot from Chinese society.
"I think, for me personally, it's the scale, with how many people live in China. I would definitely be interested in seeing how that functions, especially in those larger cities," said a student.
"I think I would like to know what their people are like. What are their thoughts on the world? On what the world should be like?" one student said.
"I think China's amazing. They're so far ahead. We're supposed to be the Western world, but I feel like they're so much more advanced than us in so many ways. I know AI and medicine are big things right now, and I think China has made huge advancements in that. So probably that," said a student.
The students also hope that the program will help strengthen China-U.S. relationship, promote educational exchanges, and broaden the horizons of those who take part.
"It's better for both countries to be connected and to build a better relationship over the coming years. And I think that's important to global peace and prosperity," said a student.
"I think it's really a great thing. I think different cultures, combining different cultures, and education is such a global thing, and having different students come all over the place and take classes here and there," said another student.
"There's a lot more to this world than what's right in front of us. And there's a lot to learn from different ways of seeing things around the world. So I think it could be valuable from that standpoint," a student said.
US students share views on China's plan to invite 100,000 young people for study, exchange
