CSOP launches physical-gold ETF in Hong Kong

Wed Apr 22 2026

CSOP Asset Management listed a physical gold exchange-traded fund (ETF) on the Hong Kong Stock Exchange on Tuesday as the city seeks to enhance its status as a gold trading hub.

The CSOP Gold ETF (3030.HK) will hold physical gold bullion stored in Hong Kong, allowing for cash or in-kind creation and redemption. It will charge a management fee of 0.4%.

Paul Chan Mo-po, financial secretary of Hong Kong, said “The ETF listed [on Tuesday] by CSOP supports subscriptions and redemptions in physical gold, allowing both trading and storage activities to take place in Hong Kong. This is highly aligned with Hong Kong’s development strategy.”

Earlier this year Hong Kong set a three‑year goal to surpass 2,000 tonnes of gold storage in the city to enhance its status as a regional gold reserve hub and a central gold clearing system.

Chan added: “Developing an international gold trading market is an important step in consolidating and enhancing Hong Kong’s position as an international financial, trading and shipping centre.”

“The National 15th Five-Year Plan also expressly supports Hong Kong in building an ecosystem for commodities trading.”

Zhou Yi, CEO of Huatai Securities and chairman of China Southern Asset Management (CSAM) and CSOP Asset Management Limited (CSOP), said, “We are highly confident in the long‑term prospects of Hong Kong’s gold market, underpinned by the city’s world‑class market infrastructure, transparent and robust regulatory framework, and its unique connectivity with Mainland China and global investors.”

“As demand grows for diversified, compelling defensive assets amid heightened volatility, Hong Kong is uniquely positioned to attract and intermediate global gold flows.”

Thew new ETF listed with $720m in assets under management upon debut, making it the largest local physical gold ETF to date, according to a statement from the firm.

Source: https://fundselectorasia.com/