InnovestX Securities Co., Ltd., the investment flagship of SCBX Group, in collaboration with global investment manager Invesco and Invesco Great Wall (IGW), today announced the debut of Thailand’s first Depositary Receipt (DR) linked to China’s leading innovation economy. The new instrument, DR23: CHNXT5023, references the Invesco Great Wall ChiNext 50 ETF and officially began trading on the Stock Exchange of Thailand (SET).
This landmark listing allows Thai investors to directly access the ChiNext 50 Index ETF, which tracks the performance of 50 top-tier Chinese innovation companies—often dubbed the “Chinese Nasdaq”—without facing traditional barriers such as foreign currency conversion, overseas account opening, or foreign investor quota restrictions on China A-shares. Investors can trade the DR in Thai Baht just like a domestic stock.
Payon Pongsawaree, Chief Investment Officer of InnovestX Securities, emphasized the strategic importance: “Listing CHNXT5023 is a significant step in delivering our All-Weather Investment Products strategy. This collaboration provides transparent and convenient access for Thai investors to the companies driving China’s New Economy, which boast high R&D investment across vital sectors like EV batteries, FinTech, and clean energy.
“We anticipate China’s transition towards innovation-led growth, powered by the ‘New Quality Productive Forces’ policy, will make these innovative Chinese stocks a crucial driver for investment portfolios, especially given their attractive valuations, with forward P/E ratios currently below historical averages,” Payon added.
Strengthening Thai-Chinese Capital Market Connectivity
The official commencement of trading was celebrated in a ceremony attended by executives from SET, the Shenzhen Stock Exchange (SZSE), Invesco, and IGW, symbolizing strengthened ties between the two capital markets.
Tang Rui, Deputy CEO of the Shenzhen Stock Exchange, stated: “This listing marks an important step in the cooperation between the Shenzhen Stock Exchange and the Thai capital market, and serves as a meaningful gesture to celebrate the 50th anniversary of diplomatic relations between China and Thailand. We believe this connection of Chinese products to Thai investors will further strengthen our ties.”
Asadej Kongsiri, President of the Stock Exchange of Thailand, welcomed the new DR, noting that it broadens the gateway for Thai investors to tap into China’s dynamic growth sectors with greater ease and transparency.
Accessing China’s Core Innovation Assets
CHNXT5023 references the Invesco Great Wall ChiNext 50 ETF (159682.SZ), which invests in growth companies listed on the Shenzhen ChiNext board. The index includes industry giants such as CATL (the world’s top EV battery manufacturer), Lens Technology (key electronics components supplier), Pharmaron Beijing (leading pharmaceutical R&D firm), and Eve Energy (leading lithium-battery producer).
Ken Kang, CEO of Invesco Great Wall, noted that introducing the ChiNext 50 Index to Thai investors reflects the vitality of China’s innovative enterprises which are the core industries driving the country’s long-term economic growth.
Investors can trade CHNXT5023 easily through the Streaming application using the ticker symbol, making China’s innovation-driven growth potential accessible and efficient under the regulation of the Thai capital market.
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