China-managed ETFs hit Tokyo Stock Exchange for first time
08 February 2013
News, China, Japan
By Asia Asset Management
The China AMC CSI 300 Index ETF and the CSOP FTSE China A50 ETF are set to become the first index funds overseen by Chinese asset managers to go public on the Tokyo Stock Exchange, according to a report from China Securities Journal on Thursday (February 7).
The two ETFs were launched by China AMC (Hong Kong) and CSOP Asset Management under the RQFII scheme late last year. Citing market sources, local media reported that the Tokyo bourse is scheduled to grant approval for the listing on Friday. The ETFs are expected to trade on the Tokyo Stock Exchange in the form of depository recipients as early as February 27.
Apart from that, there are other China-focussed ETFs listed on the Tokyo Stock Exchange, for example, Nikko Asset Management’s Listed Index Fund China A Share (Panda) CSI300.
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