China tries to start ETF market with foreign currency

China has opened another gateway for international investors to deposit cash into its stock market, hoping to boost the country’s nascent exchange-traded fund industry.

Earlier this month, securities regulators in Hong Kong and mainland China approved the inclusion of dozens of ETFs into the stock market. Popular cross-border trade links called Stock Connect. The funds, most of which are listed in Shanghai or Shenzhen, include products with names like the “Brand Name Drug ETF” and the “Chips ETF,” as well as funds that track the CSI 300 large-cap stock index index. and other broad benchmarks.

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