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China launches cross-border ETFs

07-09-2012 15:12 BJT

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Just over a week ago, China approved the mutual listings of ETFs on both the Mainland exchanges and Hong Kong and today Beijing-based China Asset Management and Hong Kong based E-Fund Management launched the Mainland’s first batch of cross-border ETFs products tracking stocks in Hong Kong.

This comes after the approval by the China Securities Regulatory Commission, marking the first time China has offered investors on the mainland access to overseas securities. ETFs are of course an investment fund traded on stock exchanges, much like stocks - they hold assets such as stocks, commodities or bonds, and trades close to its net asset value over the course of the trading day.

They can be bought and sold directly by retail investors similar to the way stocks are traded. The launch of ETF products aligned with the Hong Kong equity market will provide mainland investors indirect exposure to shares in Hong Kong and points to China’s efforts to offer investors on the mainland a broader range of investment options.

 

Editor:Zhang Dan |Source: CNTV.CN

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