China Approves Active ETFs for 2 Major Exchanges as Market Opens to New Products
Updated
Updated · Bloomberg · Jun 17
China Approves Active ETFs for 2 Major Exchanges as Market Opens to New Products
1 articles · Updated · Bloomberg · Jun 17
Summary
China’s securities regulator said actively managed ETFs will be launched in Shanghai and Shenzhen, widening the product lineup in the country’s stock market.
Wu Qing, chairman of the China Securities Regulatory Commission, announced the approval at the annual Lujiazui Forum in Shanghai on Wednesday but gave no timetable for investor access.
The move is aimed at expanding investment options in the world’s second-largest stock market and bringing China’s ETF market closer to more developed peers.