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[For Hong Kong Investor Only] As the stage of China's economy transforms from rapid growth to high-quality development, and the economic growth slows down, the weakening advantage of traditional industries has caused great changes to the supply-demand structure. In recent years, deglobalization, Sino-US trade friction and sluggishness in global economy have also incurred risks and challenges. The proportion of manufacturing industry in foreign direct investments has decreased from 70.95% in 2004 to 19.44% in 2021, and China's degree of dependence on foreign trade has also decreased from 62.63% in 2006 to 33.71% in 2021*Accelerating independent innovation in science and technology and developing specialized and sophisticated enterprises is the key to realizing the transformation of China's economic structure and making China play an initiative role in international circulation. This makes the economic development shift gear from being driven by traditional production factors or investment to being driven by innovation, keep improving the quality and level of supply and promote the high-quality development with sustaining innovation of technologies and products.

“Specialized and sophisticated SMEs” refer to those SMEs that excel in professionalism, refinement, uniqueness, and possess outstanding innovation capabilities. Among them, the "Little Giant" enterprises that have emerged through sustained and rapid development are the leading SMEs in the realm of specialized, high-end, and innovation-driven SMEs. These "Little Giant" enterprises focus on niche markets, exhibit strong innovative capabilities, and demonstrate good growth potential. They possess core technologies and products in strategic areas such as semiconductors, pharmaceuticals, new energy, advanced manufacturing, and play a significant role in driving the pace of "supply-side reforms." Therefore, the importance and influence of “Specialized and sophisticated Little Giant” enterprises within the high-quality development system are increasing day by day.

*Source: Guosen Securities December 2022

Know more about Global X China Little Giant ETF (2815) and its risk factors: https://www.globalxetfs.com.hk/campaign/china-little-giant-etf/

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This material is intended for Hong Kong investors only. It is not a solicitation, offer, or recommendation to buy or sell any security or other financial instrument. Investment involves risks. Past performance information presented is not indicative of future performance. Investing in the funds may expose to risks (if applicable) including general investment risk, equity market risk, sector/market concentration risk, active / passive investment management risk, tracking error risk, trading risk, risk in investing financial derivative instruments, securities lending risk, distributions paid out of capital or effectively out of capital risk. Investors should refer to the Fund's prospectus for details, including the risk factors.Issuer: Mirae Asset Global Investments (Hong Kong) Limited. This material has not been reviewed by the Securities and Futures Commission.