(Yicai Global) June 1 -- The first two exchange-traded funds in a Shanghai-Hong Kong cross-listing scheme started trading today, providing investors with a new convenient and low-cost channel for cross-border investment. 

Huatai-Pinebridge CSOP Hang Seng Tech Index ETF, which debuted in Shanghai, mostly invests in the CSOP Hang Seng TECH Index ETF that tracks leading tech firms listed in Hong Kong. 

CSOP Huatai-Pinebridge CSI Photovoltaic Industry ETF, which debuted in Hong Kong, invests in Shanghai Stock Exchange-listed Huatai-Pinebridge CSI Photovoltaic Industry ETF, which tracks solar energy firms on the Shanghai and Shenzhen markets. 

The two ETFs provide mainland investors with a low-threshold and efficient cross-border channel for investing in leading mainland tech companies listed in Hong Kong, while also allowing Hong Kong investors to take part in the mainland stock market.

The ETFs were jointly introduced by the mainland's second-biggest ETF manager Huatai-Pinebridge Investment and Hong Kong-based ETF manager CSOP Asset Management. 

The Shanghai-Hong Kong ETF connectivity scheme has lowered the investment threshold and allows global asset allocation from both cities, according to Liu Jun, director of Huatai-Pinebridge's index investment division. More similar ETFs will enter the market under the HKEX and the SSE ETF cross-listing scheme, he said. 

Editors: Tang Shihua, Tom Litting