KBA ETF Shifts to Tech as 4 of Top 10 Holdings Joined After 2014

1 articles · Updated · KraneShares · Jun 4

Information technology has overtaken financials as the largest sector in KraneShares' KBA ETF, marking a clear turn in Mainland China's equity market toward tech-heavy listings.
Since 2022, that shift has accelerated as Beijing's push for technology self-reliance—after U.S. export controls on firms including Huawei—helped drive valuations of semiconductors, equipment makers and tech hardware stocks higher.
Four of KBA's top 10 holdings were listed after the fund launched in March 2014, underscoring how newer domestic champions have reshaped the portfolio.
CATL is now KBA's largest holding at 9.32%, followed by Zhongji Innolight at 6.74%, with other top positions concentrated in AI chips, optical networking, industrial internet and EV supply chains.
The change also reflects a broader catch-up in Mainland markets, which lagged offshore Chinese equities in adding technology exposure but have seen trading volumes and IPO activity rise since September 2024.