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Financial regulators in Hong Kong and mainland China have approved the first exchange-traded Funds (ETFs) under a new cross listing scheme, Hong Kong's Securities and Futures Commission said in a statement on Friday.
The new arrangement will allow mainland China investors to trade ETFs listed in Hong Kong, and international investors to trade mainland China-listed ETFs.
According to the statement, the SFC had approved two Hong Kong ETFs which will each invest at least 90 per cent of their assets in a Shenzhen-listed ETF.
The China Securities Regulatory Commission . . .
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