Mitihoon – Bangkok, November 25, 2025 – InnovestX Securities Co., Ltd., the investment flagship under SCBX Group, has joined forces with Invesco and Invesco Great Wall (IGW) to introduce Thailand’s first Depositary Receipt (DR) linked to China’s innovation-driven companies. The new instrument, DR23: CHNXT5023, references the Invesco Great Wall ChiNext 50 ETF and officially commenced trading on the Stock Exchange of Thailand (SET) today, marked by an opening ceremony attended by executives from SET, Shenzhen Stock Exchange (SZSE), Invesco, and IGW.
This milestone marks the first time Thai investors can directly access the ChiNext 50 Index ETF, which tracks China’s leading innovation-driven companies and is comparable to the U.S. Nasdaq. Investors can trade in Thai Baht just like local stocks, eliminating barriers such as foreign currency conversion, overseas account setup, and the limited accessibility of China A-share equities, which are generally subject to foreign-investor quota restrictions, as well as direct investment channels in Thailand that are available only through a few licensed providers.
Mr. Asadej Kongsiri, President of the Stock Exchange of Thailand, said: “On behalf of The Stock Exchange of Thailand, we are pleased to welcome CHNXT5023 under the DR23 to begin trading today. This new DR broadens the gateway for Thai investors to tap into China’s dynamic growth sectors with greater ease and transparency. The launch marks another significant step forward in strengthening the partnership between the Thai and Chinese capital markets. We remain committed to advancing more cross-border investment solutions that create real opportunities for investors in the years ahead.”
Ms. Tang Rui, Deputy CEO of the Shenzhen Stock Exchange, said: “It is a great pleasure for the Shenzhen Stock Exchange to witness the listing of the ChiNext 50 DR in Thailand. This marks an important step in the cooperation between the Shenzhen Stock Exchange and the Thai capital market. It also serves as a meaningful gesture to celebrate the 50th anniversary of diplomatic relations between China and Thailand. We believe that this connection of Chinese products to Thai investors will further strengthen the ties between our two capital markets and pave the way for deeper cooperation in the future.”
Mr. Payon Pongsawaree, Chief Investment Officer of InnovestX Securities, said, “Listing CHNXT5023 on the Thai stock market represents a significant step forward in InnovestX’s strategy to deliver All-Weather Investment Products designed to thrive in any market condition. Our collaboration with Invesco and IGW opens the door for Thai investors to access China’s innovation leaders transparently under Thai capital market regulations. The ChiNext 50 Index comprises 50 top-tier companies in China’s New Economy sectors, known for high R&D investment across industries such as EV batteries, FinTech, automation, medical equipment, and clean energy—historically outperforming China’s main market indices such as CSI300.
We believe China’s economic recovery, driven by the ‘New Quality Productive Forces’ policy, will accelerate the transition from Old Economy to innovation-led growth. For investors seeking long-term growth themes, this is an opportunity not to be missed—especially while valuations remain attractive, with forward P/E ratios below historical averages.”
Mr. Martin Franc, CEO of Asia ex Japan at Invesco, added: “We are proud to work with our partners at InnovestX and the Shenzhen Stock Exchange as well as our colleagues Invesco Great Wall for this listing. This achievement reflects Invesco’s strong, long-standing relationships in Thailand and our commitment to delivering compelling strategies that meet the needs of local investors. We believe this listing further strengthens connectivity between the Thai and Chinese capital markets and marks an important milestone for Invesco as we continue to expand our presence in the market, leveraging the breadth of our capabilities.”
Mr. Ken Kang, CEO of Invesco Great Wall, mentioned: “China has now evolved into a market of two-way opening-up, and thus it is strategically important to link to global markets by offering China core assets to a broader overseas client base. Via DR23 “CHNXT5023”, the ChiNext 50 Index is being introduced to Thai investors, reflecting the vitality of China’s innovative enterprises. These companies span key sectors and represent core industries driving China’s long-term economic growth, including advanced technology, electric vehicles, automation, healthcare, and clean energy.
CHNXT5023 is a Depositary Receipt referencing the Invesco Great Wall ChiNext 50 ETF (159682.SZ), which invests in 50 growth companies listed on Shenzhen’s ChiNext board. These include global leaders such as CATL, the world’s top EV battery manufacturer; Lens Technology, a key supplier of glass and electronic components for smartphones; and Pharmaron Beijing, a leading pharmaceutical R&D firm; and Eve Energy, a leading lithium-battery producer and one of the key drivers of China’s EV market. These companies exemplify China’s innovation-driven growth potential and currently trade at valuations attractive compared to historical averages.
Investors can trade CHNXT5023 directly via the Streaming application using the symbol CHNXT5023, just like any Thai stock, through InnovestX or any broker. InnovestX clients also earn INVX Points with every trade, redeemable for fee discounts and exclusive benefits.
Your trusted all-in-one global investment platform — complete, seamless, and giving you an edge in every market condition. For more details on DR23 and investment insights from InnovestX, visit www.innovestx.co.th/cafeinvest, https://www.innovestx.co.th/products/depositary-receipt/dr, and https://dr23.innovestx.co.th/ or follow us on Facebook and Line: @InnovestX.
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