SHANGHAI HAS NOT SCHEDULED HK ETF DEBUT
AsiaInfo Services, June, 2009
AsiaInfo Services 06-22-2009 Shanghai Has Not Scheduled HK ETF Debut SHANGHAI, Jun 22, 2009 (SinoCast Daily Business Beat via COMTEX) -- Fang Xinghai, director for the Shanghai Municipal Office of Finance Service, lately revealed that the Hong Kong ETF (Exchange Traded Fund) would hit the Shanghai Stock Exchange in the form of both QDII and QFII, but the final schedule has not fixed. Total value involved in the potential Hong Kong ETF issuance is estimated at not more than CNY 3 billion originally, and then change in accordance with the dynamic market perform.
The Chinese central government will further loosen the QDII (qualified domestic institutional investor) restrictions, if the Hong Kong ETF wins great favor of Mainland China's investors, added Mr. Fang. ...
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