Hong Kong and Shanghai exchanges to cooperate on ETFs

Following a meeting on 21 January, the exchanges say future cooperation on ETFs will be gradually extended to include funds based on bonds and gold, as well as cross listings. Interest for ETFs in the Chinese domestic market is increasing, with several mainland fund management companies actively making preparations for the issuance of ETFs tracking Hong Kong stocks, according to the exchanges. The two organisations also agreed to extend cooperation in the development of information products. For example, they are exploring the possibility of compiling an index including securities lis...