HKEX ETF Summit 2025

Managing Director, Head of Equities Product Development , HKEX

Brian is Managing Director, Head of Equities Product Development. In this capacity, Brian oversees the development and management of HKEX’s equities products, focusing on market development, client engagement and investor education.  

Brian joined in 2015 bringing over 10 years of ETF development and leadership experience to HKEX. Prior to HKEX, Brian was at Vanguard, where he was most recently Head of ETF Product Development Asia, focusing on developing their global ETF business.  

Brian holds an undergraduate degree from Purdue University and an MBA from Thunderbird School of Global Management.   

Brian is Managing Director, Head of Equities Product Development. In this capacity, Brian oversees the development and management of HKEX’s equities products, focusing on market development, client engagement and investor education.  

Brian joined in 2015 bringing over 10 years of ETF development and leadership experience to HKEX. Prior to HKEX, Brian was at Vanguard, where he was most recently Head of ETF Product Development Asia, focusing on developing their global ETF business.  

Brian holds an undergraduate degree from Purdue University and an MBA from Thunderbird School of Global Management.   

Head of China & Hong Kong Equity Strategist , J.P.Morgan

Wendy Liu rejoined J.P. Morgan in August 2021 as the Head of China & Hong Kong equity strategist. Previously she was head of China strategy at UBS AG and received #1 ranking in portfolio strategy in the China Institutional Investor Survey (overseas section) in 2019 and 2020, and #2 team ranking in equity strategy in the APAC Institutional Investor Survey in 2019 and 2020. From 2007 to 2018, Wendy held the Head of China equity research and China equity strategist role at ABN/RBS and Nomura. From 2000 to 2007, Wendy was a telecom analyst at Merrill Lynch, first working on the US wireless team, then covering Greater China telcos and eventually co-heading the APAC telco team. Wendy first joined JP Morgan as an investment banking associate (mergers & acquisitions) in 1997 in New York. Wendy received her MBA from the Columbia Business School and BS from the University of Kentucky.

Wendy Liu rejoined J.P. Morgan in August 2021 as the Head of China & Hong Kong equity strategist. Previously she was head of China strategy at UBS AG and received #1 ranking in portfolio strategy in the China Institutional Investor Survey (overseas section) in 2019 and 2020, and #2 team ranking in equity strategy in the APAC Institutional Investor Survey in 2019 and 2020. From 2007 to 2018, Wendy held the Head of China equity research and China equity strategist role at ABN/RBS and Nomura. From 2000 to 2007, Wendy was a telecom analyst at Merrill Lynch, first working on the US wireless team, then covering Greater China telcos and eventually co-heading the APAC telco team. Wendy first joined JP Morgan as an investment banking associate (mergers & acquisitions) in 1997 in New York. Wendy received her MBA from the Columbia Business School and BS from the University of Kentucky.

CFA, Deputy-CEO, Chief Investment Officer, Head of Investment , CSOP

Yi Wang is the Deputy-CEO, Chief Investment Officer and Head of Investment at CSOP Asset Management Ltd. He oversees all passive ETF investment activities including Equity ETFs, Leveraged and Inverse ETPs, Money Market Fund ETFs and Fixed Income ETFs. He also oversees the active Fixed Income and active Equity portfolio management. 

He is the voting member within CSOP investment committee and deputy chairman of CSOP responsible investment committee. Prior Joining CSOP, Yi was in Redington LLP (London) focusing on UK and EU pension/insurance investment solution. 

He graduated from University College of London with a major in Mathematics and CASS Business School with master’s degree in Actuarial Science.

Yi Wang is the Deputy-CEO, Chief Investment Officer and Head of Investment at CSOP Asset Management Ltd. He oversees all passive ETF investment activities including Equity ETFs, Leveraged and Inverse ETPs, Money Market Fund ETFs and Fixed Income ETFs. He also oversees the active Fixed Income and active Equity portfolio management. 

He is the voting member within CSOP investment committee and deputy chairman of CSOP responsible investment committee. Prior Joining CSOP, Yi was in Redington LLP (London) focusing on UK and EU pension/insurance investment solution. 

He graduated from University College of London with a major in Mathematics and CASS Business School with master’s degree in Actuarial Science.

Chief Investment Officer , Sun Life Asset Management (HK) Ltd.

Felix Ho is the Chief Investment Officer at Sun Life Asset Management (HK) Ltd.  He has over 25 years of experience in portfolio management, equity research and corporate finance. Prior to joining Sun Life, he was the Head of Hong Kong and China Equity at the asset management arm of RHB Banking Group in Hong Kong and Kuala Lumpur, where he led the portfolio management and investment strategies for the Greater China markets. Felix was also the Equity Portfolio Manager at China Taiping Insurance Group in Hong Kong, and an Equity Analyst at China International Capital Corporation in Hong Kong and Beijing.

Felix Ho is the Chief Investment Officer at Sun Life Asset Management (HK) Ltd.  He has over 25 years of experience in portfolio management, equity research and corporate finance. Prior to joining Sun Life, he was the Head of Hong Kong and China Equity at the asset management arm of RHB Banking Group in Hong Kong and Kuala Lumpur, where he led the portfolio management and investment strategies for the Greater China markets. Felix was also the Equity Portfolio Manager at China Taiping Insurance Group in Hong Kong, and an Equity Analyst at China International Capital Corporation in Hong Kong and Beijing.

Asia Bureau Chief , The Information

Jing Yang is the Asia Bureau Chief at The Information. Based in Hong Kong, Jing leads a team of reporters covering the region's vibrant tech and venture capital scene and has written and overseen agenda-setting stories on topics ranging from AI to semiconductors to marquee companies like Nvidia and ByteDance. Prior to joining The Information, Jing was a Senior Correspondent at The Wall Street Journal where she covered a broad range of topics, including Wall Street’s foray into China, Beijing’s crackdown on internet platforms, and the 2022 Beijing Winter Olympics. Jing also has reporting stints at Bloomberg News and the South China Morning Post. She has won three Society of Publishers in Asia (SOPA) Awards and three Best in Business Awards at the Society for Advancing Business Editing and Writing (SABEW) in the US. She has served as a judge of the SOPA and SABEW awards, and is an honorary lecturer at her alma mater, the University of Hong Kong’s Journalism and Media Studies Centre.

Jing Yang is the Asia Bureau Chief at The Information. Based in Hong Kong, Jing leads a team of reporters covering the region's vibrant tech and venture capital scene and has written and overseen agenda-setting stories on topics ranging from AI to semiconductors to marquee companies like Nvidia and ByteDance. Prior to joining The Information, Jing was a Senior Correspondent at The Wall Street Journal where she covered a broad range of topics, including Wall Street’s foray into China, Beijing’s crackdown on internet platforms, and the 2022 Beijing Winter Olympics. Jing also has reporting stints at Bloomberg News and the South China Morning Post. She has won three Society of Publishers in Asia (SOPA) Awards and three Best in Business Awards at the Society for Advancing Business Editing and Writing (SABEW) in the US. She has served as a judge of the SOPA and SABEW awards, and is an honorary lecturer at her alma mater, the University of Hong Kong’s Journalism and Media Studies Centre.

Director and Chief Executive Officer , Hang Seng Investment Management Limited

Ms Lee is a Director and Chief Executive Officer of Hang Seng Investment Management Limited, a wholly owned subsidiary of Hang Seng Bank. She is also a Director of Hang Seng Qianhai Fund Management Company Limited which is the first foreign-majority-owned joint venture fund management company established on the Mainland.

Ms Lee holds a Bachelor of Social Sciences degree from The University of Hong Kong, a Master of Science degree in Global Finance jointly awarded by The Hong Kong University of Science and Technology and New York University STERN Business School.  With a strong commitment to serving the community, she is currently a Non-Executive Director of the Accounting Financial and Reporting Council; the Chairman of the Arbitration Panel under the Securities and Futures (Leveraged Foreign Exchange Trading) (Arbitration) Rules of Hong Kong’s Securities and Futures Commission; a member of Legal Aid Services Council; a member of the Products Advisory Committee under Securities and Futures Commission.  Ms Lee is also invited as a Member of Beta Gamma Sigma (HKUST Chapter) and a Member, Hong Kong Academy of Finance.

Ms Lee is a Director and Chief Executive Officer of Hang Seng Investment Management Limited, a wholly owned subsidiary of Hang Seng Bank. She is also a Director of Hang Seng Qianhai Fund Management Company Limited which is the first foreign-majority-owned joint venture fund management company established on the Mainland.

Ms Lee holds a Bachelor of Social Sciences degree from The University of Hong Kong, a Master of Science degree in Global Finance jointly awarded by The Hong Kong University of Science and Technology and New York University STERN Business School.  With a strong commitment to serving the community, she is currently a Non-Executive Director of the Accounting Financial and Reporting Council; the Chairman of the Arbitration Panel under the Securities and Futures (Leveraged Foreign Exchange Trading) (Arbitration) Rules of Hong Kong’s Securities and Futures Commission; a member of Legal Aid Services Council; a member of the Products Advisory Committee under Securities and Futures Commission.  Ms Lee is also invited as a Member of Beta Gamma Sigma (HKUST Chapter) and a Member, Hong Kong Academy of Finance.

CEO, Asia ex Japan , Invesco

Martin Franc is Chief Executive Officer (CEO), Asia ex Japan. He is responsible for the management and overall growth of Invesco’s Greater China, Southeast Asia and Australia business. He has been a member of Invesco Hong Kong Ltd.’s Board of Directors since 2019.

Martin joined Invesco in 2013 as CEO, Australia where he drove sustained business expansion focusing on a premium institutional client base and a suite of compelling offshore investment strategies for domestic investors.

Martin began his career in financial services in 1994. Prior to joining Invesco, he was head of distribution, sales and marketing at BT Investment Management where he oversaw growth in net sales throughout several market cycles. Before that, Martin was senior vice president of institutional sales at Putnam Investments where he managed the institutional book of business. He has held a range of leadership roles in marketing, business development and investment business management.

Martin holds a BA in political science from the Australian National University and a graduate diploma from Financial Services Institute of Australasia (FINSIA). He is also a Fellow of FINSIA.

Martin Franc is Chief Executive Officer (CEO), Asia ex Japan. He is responsible for the management and overall growth of Invesco’s Greater China, Southeast Asia and Australia business. He has been a member of Invesco Hong Kong Ltd.’s Board of Directors since 2019.

Martin joined Invesco in 2013 as CEO, Australia where he drove sustained business expansion focusing on a premium institutional client base and a suite of compelling offshore investment strategies for domestic investors.

Martin began his career in financial services in 1994. Prior to joining Invesco, he was head of distribution, sales and marketing at BT Investment Management where he oversaw growth in net sales throughout several market cycles. Before that, Martin was senior vice president of institutional sales at Putnam Investments where he managed the institutional book of business. He has held a range of leadership roles in marketing, business development and investment business management.

Martin holds a BA in political science from the Australian National University and a graduate diploma from Financial Services Institute of Australasia (FINSIA). He is also a Fellow of FINSIA.

Deputy Director of the International Cooperation Department , Shenzhen Stock Exchange

Mr. Lu Wenjun graduated from Peking University in 2006. He worked at China Resources before joining the Shenzhen Stock Exchange in 2007. In February 2025, he was appointed Deputy Director of the International Cooperation Department, prior to which he had served as Deputy Director of the Fund Supervision Department since October 2018.

Mr. Lu Wenjun graduated from Peking University in 2006. He worked at China Resources before joining the Shenzhen Stock Exchange in 2007. In February 2025, he was appointed Deputy Director of the International Cooperation Department, prior to which he had served as Deputy Director of the Fund Supervision Department since October 2018.

Senior Portfolio Manager , AllianzGI

Claudia Ching is a senior portfolio manager based in Hong Kong, specializing in the multi-asset strategies and portfolio management.

Joining AllianzGI in 2025, Claudia brings over 17 years of experience in the financial industry. She is responsible for generating and implementing asset allocation strategies, monitoring risk, and optimizing distribution of assets for mixed asset funds in Hong Kong. Claudia has significant insight in managing Hong Kong Mandatory Provident Fund (MPF) schemes.

Prior to joining AllianzGI, Claudia worked as a Senior Portfolio Manager at Sun Life (HK) Asset Management and EFG (HK) Asset Management. Claudia also acted as an equity research analyst at China Construction Bank International and CIMB prior to her fund management experience. 

Claudia has a LLB (Law) degree from the London School of Economics and Political Science.

Claudia Ching is a senior portfolio manager based in Hong Kong, specializing in the multi-asset strategies and portfolio management.

Joining AllianzGI in 2025, Claudia brings over 17 years of experience in the financial industry. She is responsible for generating and implementing asset allocation strategies, monitoring risk, and optimizing distribution of assets for mixed asset funds in Hong Kong. Claudia has significant insight in managing Hong Kong Mandatory Provident Fund (MPF) schemes.

Prior to joining AllianzGI, Claudia worked as a Senior Portfolio Manager at Sun Life (HK) Asset Management and EFG (HK) Asset Management. Claudia also acted as an equity research analyst at China Construction Bank International and CIMB prior to her fund management experience. 

Claudia has a LLB (Law) degree from the London School of Economics and Political Science.

Head of Global Markets Department , China Merchants Securities International

Patrick Shum, Head of Global Markets Department at China Merchants Securities International, manages the whole OTC derivative products and ETF market making businesses for the firm, covering most asset classes of ETF listed in Hong Kong. Before joining CMS 16 years ago, he was in derivatives trading for some of the major investment banks in Hong Kong like BNP Paribas, Morgan Stanley and RBS. 

Patrick Shum, Head of Global Markets Department at China Merchants Securities International, manages the whole OTC derivative products and ETF market making businesses for the firm, covering most asset classes of ETF listed in Hong Kong. Before joining CMS 16 years ago, he was in derivatives trading for some of the major investment banks in Hong Kong like BNP Paribas, Morgan Stanley and RBS. 

Senior Vice President, Head of Exchange Traded Products , HKEX

As Head of Exchange Traded Products (ETPs), Jean-François leads the team responsible for the development of HKEX’s Exchange Traded Funds (ETFs) and Leveraged and Inverse (L&I) products. He also plays an active role in providing thought leadership and investor education.

Jean-François has nearly 10 years of experience in the ETF industry. Prior to HKEX, Jean-François was at State Street Global Advisors, where he was most recently Head of ETF Capital Markets, APAC, managing the secondary and primary market activity of SPDR ETFs in the Asia Pacific region with the purpose of improving user experience whilst trading SPDR ETFs. 

Prior to joining State Street Global Advisors, Jean-François worked at Deutsche Asset Management in London. As an ETF Capital Markets Specialist, he was providing ETF trading and execution intelligence to a broad client base across Europe, South America and Asia Pacific and managing relationship with exchanges and market maker trading desks with responsibility for France and Romandy.

Jean-François holds a MSc in International Finance from HEC Paris and a MSc in Engineering from Ecole Centrale De Lille.

As Head of Exchange Traded Products (ETPs), Jean-François leads the team responsible for the development of HKEX’s Exchange Traded Funds (ETFs) and Leveraged and Inverse (L&I) products. He also plays an active role in providing thought leadership and investor education.

Jean-François has nearly 10 years of experience in the ETF industry. Prior to HKEX, Jean-François was at State Street Global Advisors, where he was most recently Head of ETF Capital Markets, APAC, managing the secondary and primary market activity of SPDR ETFs in the Asia Pacific region with the purpose of improving user experience whilst trading SPDR ETFs. 

Prior to joining State Street Global Advisors, Jean-François worked at Deutsche Asset Management in London. As an ETF Capital Markets Specialist, he was providing ETF trading and execution intelligence to a broad client base across Europe, South America and Asia Pacific and managing relationship with exchanges and market maker trading desks with responsibility for France and Romandy.

Jean-François holds a MSc in International Finance from HEC Paris and a MSc in Engineering from Ecole Centrale De Lille.

Head of ETF Portfolio Management , Mirae Asset Global Investments (Hong Kong)

Dennis Fok is Head of ETF Portfolio Management at Mirae Asset Global Investments (Hong Kong), where he is responsible for leading the ETF investment platform and driving the growth of the Global X ETFs’ offering within Asia region. He is also accountable in interacting with different stakeholders within the ETF ecosystem in promoting the adoption of ETFs for both retail and institutional investors.

Dennis has over 15 years of investment experience managing both fixed income and equity ETFs, and he has in-depth knowledge of the ETF capital markets. Prior to joining Mirae Asset, Dennis was the Head of ETF at Harvest Global Investment focusing on the business development strategy of the ETF platform. He had previously served as a senior ETF portfolio manager at Bank of Montreal Global Asset Management since 2018 and spent 11 years at Blackrock as lead portfolio manager managing both ETFs and institutional index mandates.

Dennis holds a master degree of Financial Engineering from Cornell University and bachelor degree of Science form the Chinese University of Hong Kong.

Dennis Fok is Head of ETF Portfolio Management at Mirae Asset Global Investments (Hong Kong), where he is responsible for leading the ETF investment platform and driving the growth of the Global X ETFs’ offering within Asia region. He is also accountable in interacting with different stakeholders within the ETF ecosystem in promoting the adoption of ETFs for both retail and institutional investors.

Dennis has over 15 years of investment experience managing both fixed income and equity ETFs, and he has in-depth knowledge of the ETF capital markets. Prior to joining Mirae Asset, Dennis was the Head of ETF at Harvest Global Investment focusing on the business development strategy of the ETF platform. He had previously served as a senior ETF portfolio manager at Bank of Montreal Global Asset Management since 2018 and spent 11 years at Blackrock as lead portfolio manager managing both ETFs and institutional index mandates.

Dennis holds a master degree of Financial Engineering from Cornell University and bachelor degree of Science form the Chinese University of Hong Kong.

Director and Senior Portfolio Manager, Capital Markets , Ping An of China Asset Management (Hong Kong)

Mr. Lau focuses on managing equity portfolios and is specialized in fundamental research. He had 19 years of experience in investment. Prior to joining Ping An, he built his career in investment management in large foreign and Chinese financial institutions, including Citi, Credit Suisse, and GF Asset Management (Hong Kong). Mr. Lau holds a Bachelor Degree in Business Administration from University of Hong Kong and an MBA degree from University of Oxford.

Mr. Lau focuses on managing equity portfolios and is specialized in fundamental research. He had 19 years of experience in investment. Prior to joining Ping An, he built his career in investment management in large foreign and Chinese financial institutions, including Citi, Credit Suisse, and GF Asset Management (Hong Kong). Mr. Lau holds a Bachelor Degree in Business Administration from University of Hong Kong and an MBA degree from University of Oxford.

Asia Pacific Business Development Lead , CF Benchmarks

Bruce is the Asia Pacific Business Development Lead at CF Benchmarks, based in Hong Kong. He spearheads growth across the region by driving institutional adoption of benchmark index products and creating new opportunities that shape the future of digital assets.

Before joining CF Benchmarks, Bruce was Director of Relationship Management at The Sandbox in the Greater China region, where he led business development on digital asset transformation projects for a portfolio of brands across industries.

Earlier in his career, Bruce built an established career in global corporate banking, managing substantial credit portfolios and relationships with leading local and international conglomerates.

Bruce is the Asia Pacific Business Development Lead at CF Benchmarks, based in Hong Kong. He spearheads growth across the region by driving institutional adoption of benchmark index products and creating new opportunities that shape the future of digital assets.

Before joining CF Benchmarks, Bruce was Director of Relationship Management at The Sandbox in the Greater China region, where he led business development on digital asset transformation projects for a portfolio of brands across industries.

Earlier in his career, Bruce built an established career in global corporate banking, managing substantial credit portfolios and relationships with leading local and international conglomerates.

Senior Reporter, Asia , CoinDesk

Sam Reynolds is a senior reporter based in Asia. Sam was part of the CoinDesk team that won the 2023 Gerald Loeb award in the breaking news category for coverage of FTX's collapse. Prior to CoinDesk, he was a reporter with Blockworks and a semiconductor analyst with IDC.

Sam Reynolds is a senior reporter based in Asia. Sam was part of the CoinDesk team that won the 2023 Gerald Loeb award in the breaking news category for coverage of FTX's collapse. Prior to CoinDesk, he was a reporter with Blockworks and a semiconductor analyst with IDC.

CEO, APAC , Flow Traders

Fabian joined Flow Traders in 2018 as Team Lead for the Amsterdam based Exchanges team and subsequently became the Head of Business Development for the EMEA region later in the year. 

In 2020, he relocated to Hong Kong and was appointed Managing Director APAC, after which he became the CEO APAC in 2023. In this role, Fabian is responsible for running and expanding the overall Flow Traders APAC business, developing the regional strategy and partnerships. 

Prior to joining Flow Traders, Fabian spent more than five years in Frankfurt at Deutsche Boerse Group’s derivatives franchise Eurex, where he focused on trading system design, market microstructure research, HFT consultation and academic engagement. 

Fabian holds a Master’s in Finance from the University of Groningen.

Fabian joined Flow Traders in 2018 as Team Lead for the Amsterdam based Exchanges team and subsequently became the Head of Business Development for the EMEA region later in the year. 

In 2020, he relocated to Hong Kong and was appointed Managing Director APAC, after which he became the CEO APAC in 2023. In this role, Fabian is responsible for running and expanding the overall Flow Traders APAC business, developing the regional strategy and partnerships. 

Prior to joining Flow Traders, Fabian spent more than five years in Frankfurt at Deutsche Boerse Group’s derivatives franchise Eurex, where he focused on trading system design, market microstructure research, HFT consultation and academic engagement. 

Fabian holds a Master’s in Finance from the University of Groningen.

Director, Head of Research, Portfolio Manager , ChinaAMC (HK)

Mr. Jun ZHANG is Director, Head of Research, and Portfolio Manager at ChinaAMC(HK). Previously, Mr. ZHANG worked in China Asset Management Co., Ltd. From 2012 to 2018, as the leader of the pharmaceutical team responsible for pharmaceutical industry research. 

Mr. ZHANG graduated from Peking University with a bachelor's degree in life sciences and a bachelor's degree in economics, and studied at the University of Hong Kong with a master's degree in economics.

Mr. Jun ZHANG is Director, Head of Research, and Portfolio Manager at ChinaAMC(HK). Previously, Mr. ZHANG worked in China Asset Management Co., Ltd. From 2012 to 2018, as the leader of the pharmaceutical team responsible for pharmaceutical industry research. 

Mr. ZHANG graduated from Peking University with a bachelor's degree in life sciences and a bachelor's degree in economics, and studied at the University of Hong Kong with a master's degree in economics.

Executive Director, Head of Product , Hang Seng Indexes Company

Candy Lam is the Executive Director and Head of Product at Hang Seng Indexes Company. She oversees the company’s overall product development and management, as well as its research & insights strategy. In her previous role as Chief Strategy Officer, Candy spearheaded a range of strategic initiatives and partnerships to support the company’s long-term growth. 

Before joining Hang Seng Indexes Company, Candy served as Head of Insurance Strategy & Direct Channel and Interim Insurance Chief Operating Officer at Hang Seng Bank. She has more than 15 years of diverse experience in banking and finance, spanning Retail Banking, Commercial Banking and Insurance. Candy holds a Master of Business Administration degree from The Hong Kong University of Science and Technology, and a bachelor’s degree in Global Business Studies from The Chinese University of Hong Kong.

Candy Lam is the Executive Director and Head of Product at Hang Seng Indexes Company. She oversees the company’s overall product development and management, as well as its research & insights strategy. In her previous role as Chief Strategy Officer, Candy spearheaded a range of strategic initiatives and partnerships to support the company’s long-term growth. 

Before joining Hang Seng Indexes Company, Candy served as Head of Insurance Strategy & Direct Channel and Interim Insurance Chief Operating Officer at Hang Seng Bank. She has more than 15 years of diverse experience in banking and finance, spanning Retail Banking, Commercial Banking and Insurance. Candy holds a Master of Business Administration degree from The Hong Kong University of Science and Technology, and a bachelor’s degree in Global Business Studies from The Chinese University of Hong Kong.

ETF Institutional Sales, Greater China , Optiver

Mr. Stanley Dai joined Optiver in 2022. In his current role as ETF Institutional Sales, he is responsible for expanding relationships with institutional counterparties and strengthening cooperation with ETF issuers in the Greater China region.

Prior to joining Optiver, he served as Head of Sales Management and Fund Advisory at Harvest Global Investments, Vice President of ETF and Cross-Asset Investments at Ping An Asset Management (HK), and Senior Capital Markets Specialist at CSOP Asset Management.

Mr. Stanley Dai joined Optiver in 2022. In his current role as ETF Institutional Sales, he is responsible for expanding relationships with institutional counterparties and strengthening cooperation with ETF issuers in the Greater China region.

Prior to joining Optiver, he served as Head of Sales Management and Fund Advisory at Harvest Global Investments, Vice President of ETF and Cross-Asset Investments at Ping An Asset Management (HK), and Senior Capital Markets Specialist at CSOP Asset Management.