Shanghai Stock Exchange (SSE) plans to launch an
exchange-traded fund (ETF) on the SSE 180 index by the end of
the year. The product would be the first ETF for China and is
pending approval by the China Securities Regulatory Commission
The move forms part of the exchange's campaign to broaden
its product offering and encourage foreign participation in
China's markets. Speaking at FOW's Trade Mission to Shanghai in
November (see also page 8), SSE executive vice president James
Liu conceded that progress towards regulation to permit futures
trading stock indices had been slower than hoped. The launch of
an ETF on the SSE 180, to be followed by one on the SSE 50,
would serve to expand the market in the meantime.
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