Hua An licenses FTSE 100 for ETF in China

FTSE has partnered with the local asset manager to offer its index to investors in China, as the basis for ETFs and other products. FTSE chief executive Mark Makepeace says the infrastructure and regulatory framework in China is developing to provide domestic investors access to global markets. The index provider continues to work with Chinese market participants for QDII needs and has signed a data license agreement with the Shanghai and Shenzhen stock exchanges. The FTSE 100 index represents around 85% of the UK market capitalisation and is widely used as the underlying for ETFs,...