ETF Daily News
Investors in mainland China and in Hong Kong may finally be able to access stocks in the each other’s markets, as China’s securities regulars appear to be on the verge of approving a long-discussed plan to bring to market ETFs with cross-listed equities from each market, according to an article on the Wall Street Journal.
The move is seen as part of a resurrection of the program called “Through Train” that envisaged mainland investors being able to directly trade Hong Kong equities via onshore banks, the article said, citing a person familiar with the matter. The program, launched in 2007, had been set aside, the newspaper said.
China’s regulators are expected to approve the plan by June, 29, and funds are scheduled to begin trading on both the Shanghai and Shenzhen stock exchanges as early as mid-July, the Journal said.
Also, Chinese regulators may also approve another plan around the same time that would allow for the creation of ETFs linked to China’s A shares, but listed on the Hong Kong market, according to the article.
For further information on the story, visit online.wsj.com.
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