The curtain is rising on a new chapter of investing, as plans to launch the first Chinese version of an S&P 500 ETF begin to take shape.

Bosera Asset Management, a Shenzhen, China-based firm with $30.8 billion under management, will add to the $1 trillion now indexed to the S&P 500 with its new ETF, S&P said in a statement on Thursday. The S&P 500 is the world’s most widely used index. The biggest ETF, the SPDR S&P 500 ETF (NYSEArca: SPY), had $70.23 billion in assets at the end of February, according to data from the National Stock Exchange.

“A lot of investors in the 500 come from outside the U.S., whether they use futures, domestically listed ETFs, U.S.-listed ETFs or other measures," Alexander Matturri, executive managing director at S&P Indices, said in a telephone interview. “The liquidity builds on itself."

The move is clearly a coup for S&P strategically as well, as China and the rest of the Asia-Pacific region have long-term importance to S&P as it continues to expand its international index business, the New York-based firm said. China now has the world’s third-biggest economy and is one of the fastest-expanding global manufacturing hubs.

S&P’s didn’t say when Bosera might roll out the Chinese version of the S&P ETF.