InnovestX, the financial investment flagship of the SCBX Group, reinforces its leadership in global investing by launching its first set of Depositary Receipts (DRs), comprising three securities designed to help investors diversify into China markets. The DR23 set includes: 1) HSHD23 - Thailand's first DR referencing a high-dividend ETF, based on the Hang Seng High Dividend Yield ETF, which invests in top dividend-paying Hong Kong stocks with an average yield of 6-8% per annum. 2) CATL23 - DR linked to CATL, a global leader in EV battery manufacturing and energy storage (ESS), riding on the rapid growth of the EV industry. 3) BABA23 - DR tracking Alibaba, the Chinese tech giant in e-commerce and cloud computing. The launch supports the Stock Exchange of Thailand's policy to enhance access to foreign investments with simplicity and efficiency. DR23 allows trading in Thai Baht, with no concerns about foreign taxes. All three DRs are now available on the Thai stock exchange via the Streaming application, with a launch promotion offering free trading fees* when using InnovestX from June 24 to July 31, 2025, with a rebate value of up to THB 2,000.
The official launch ceremony was attended by Mr. Asadej Kongsiri, President, and Dr. Rinjai Chakornpipat, Senior Executive Vice President at the Stock Exchange of Thailand, along with Mr. Ronald Lam, Head of Institutional Sales at Global X by Mirae Asset, and Mr. Payon Pongsawaree, Chief Investment Officer at InnovestX Securities.
Mr. Payon Pongsawaree, Chief Investment Officer of InnovestX, stated: "In all market conditions, investors deserve suitable and flexible investment options to generate returns. That's why InnovestX built a world-class investment platform offering global asset coverage and all-weather products making investing smoother and smarter. DR23 enables Thai investors to conveniently access global equities, trade in Baht, and benefit from domestic regulation minimizing foreign tax and complexity."
The first DR23 batch is carefully selected from quality ETFs and Chinese equities listed in Hong Kong a region with long-term growth potential and attractive valuations, supported by China's "Made in China 2025" policy and the rapid development in AI, EVs, and cloud computing.
Highlights of the 3 DRs:
- HSHD23 - Thailand's first high-dividend DR ETF, referencing Global X Hang Seng High Dividend Yield ETF (3110.HK). It invests in Hong Kong stocks with strong dividends and lower volatility than major indices. Key holdings include PCCW Ltd (0008.HK), a major telecom-tech company, and Uni-President China Holdings Ltd (0220.HK), a leading food & beverage firm.
- CATL23 - DR tracking CATL, the world's top EV battery company with 37% market share and partnerships with Tesla, BMW, and Mercedes-Benz. The company has strong financials and consistent growth, reflecting the clean energy transition. CATL is also expanding into energy storage systems (ESS).
- BABA23 - DR tracking Alibaba, the Chinese e-commerce leader via Taobao and Tmall, with growth in Cloud, AI, and logistics (Cainiao). BABA23 targets investors seeking exposure to Chinese tech innovation and long-term growth.
DR23 from InnovestX, rated AA by Fitch Ratings, offers easy access to global investments with a fair trading price aligned with underlying assets and competitive FX rates, supported by SCBX Group collaboration. A dedicated Market Maker ensures liquidity and trading stability. InnovestX also offers DR specialists and analysts providing in-depth insights, fair value tools, and stock data through the InnovestX app your all-in-one global investment platform.
Investors can simply type HSHD23, CATL23, or BABA23 in the Streaming app to place orders. These DRs can be traded just like local stocks, even via other brokers, making global investment opportunities more accessible than ever.
For more details, visit Facebook or Line: @InnovestX
*Terms and conditions apply.
Investors should carefully study the product features, return conditions, and associated risks before investing.