Hang Seng Bank has launched two exchange-traded funds in the Taiwan Stock Exchange, making these the first Hong Kong ETFs to dual-list in the country.

HSBC Global Asset Management (Taiwan) is the master agent of the ETFs under the dual-listing structure, with Yuanta Securities named as the first Taiwan participating dealer. More dealers will be announced in the next weeks.

"This major milestone will allow Taiwanese investors to directly invest in the ETFs available in the Hong Kong market. We look forward to further increasing our business visibility in Taiwan," Hang Seng vice chairman and chief executive officer Margaret Leung said.

The two ETFs involved are the Hang Seng Index ETF and the Hang Seng H-Share Index ETF, with total assets of HK$22.7 billion ($2.9 billion) and HK$15 billion ($1.9 billion), respectively.

Hang Seng Bank is a principal member of the HSBC Group and has HK$790.1 billion ($101.9 billion) in consolidated assets.