China Tries to Jump-Start Its ETF Market With Foreign Money
China has opened another gateway for international investors to send cash into the country’s stock market, hoping to boost its fledgling exchange-traded-funds industry.
Earlier this month, securities regulators in Hong Kong and mainland China approved the inclusion of dozens of ETFs in a popular cross-border trading link called Stock Connect. The funds, mostly listed in Shanghai or Shenzhen, include products with names like “Brand Name Drug ETF” and “Chips ETF,” as well as funds tracking the CSI 300 large-cap stock index and other broad benchmarks.
