Lift off for HK-Mainland cross-border ETFs
29 June 2012
News, China, Hong Kong
The first Hong Kong-Mainland cross-border ETFs are close to being launched after the two qualified product providers E Fund and China AMC received the go ahead from the Chinese regulator, according to a source close to China AMC.
China AMC’s ETF is expected to track the Hang Seng Index, while E Fund’s product will track the Hang Seng China Enterprises Index. The cross-border ETFs will be launched in the form of qualified domestic institutional investor (QDII). Currently, E Fund and China AMC have a combined unused HK$20 billion (US$2.56 billion) QDII quota.
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