Caixin
Caixin Global – Latest China News & Headlines

Home >

ABOUT US

CX Live is Caixin Global's real-time news portal, featuring 24-hour breaking news, short-form analysis, and roundups from business and social media in China.

TRENDING
China’s State Asset Overseer Appoints New Director
Ex-Moutai Chairman Ousted From Communist Party as Corruption Charges Loom
Two ‘Big 4’ Banks Expected to Open Wealth Management Units in June
LATEST
Chinese DNA Sequencing Firm BGI Faces Legal Battle with Illumina
U.S. Companies and Consumers Pay for China Tariff Costs, IMF Says
Weibo Shares Slump After Q1 Revenue Growth Slows
Anxin Trust Questioned for Plunging Profits and Accounting Errors
Meituan Sees Strong Revenue Growth, Despite Drag From Mobike
DHL, Panasonic Deny Severing Huawei Ties
China Renewables Industry Comes of Age With Ambitious Subsidy-Free Projects
China Readies 600 Kph Maglev Prototype
Mercedes-Benz Makes it Easier to Trade in Defective New Cars in Wake of PR Nightmare
Shanghai Man Sentenced to Death for Child Murder
How to Find Illegal Lenders? Watch Who’s Taking Cases to the Courts
Pull the Brakes on New Gas Car Sales by 2030, Think Tank Tells Beijing
Hong Kong-Listed China Telecom Gets New Chief
Tencent Leads $250 Million Round in Chinese Travel Site Mafengwo
Cabinet Vows to Promote Debt-for-Equity Swaps to Relieve Debt
More Bidders Join the Race for $5.79 Billion Gree Stake
Regulators Halt High-Interest ‘Smart Deposits’: Sources
Ex-Moutai Chairman Ousted From Communist Party as Corruption Charges Loom
High-Tech Board Names and Shames Brokerage for Doctored Numbers
More Chinese Airlines Seek Compensation From Boeing Over 737 Woes
China and Japan Reach Agreement to Cross-List ETFs

By Liu Caiping and Timmy Shen / Apr 23, 2019 03:09 AM / Finance

Photo: The Shanghai Stock Exchange

Photo: The Shanghai Stock Exchange

China and Japan are finally making it easier for investors to purchase shares in each other’s countries through cross-listing of exchange-traded funds (ETFs).

The Shanghai Stock Exchange and the Japan Exchange Group signed an ETF Connectivity Agreement Monday, taking a step toward easier access to ETF markets in both countries. Fund managers from both sides will be able to set up cross-border funds through China’s existing Qualified Domestic Institutional Investors and Qualified Foreign Institutional Investors mechanisms to invest in ETFs in each other’s markets.

China and Japan are pushing ahead more regulatory cooperation and speeding up market access for each other as the two nations signed a memorandum of understanding in October, said Yi Huiman, chairman of the China Securities Regulatory Commission, in a statement Monday.

Nomura Asset Management Co. Ltd., a wholly-owned subsidiary of Nomura Holdings Inc., also announced Monday that it formed a partnership with China Asset Management Co. Ltd. to participate in the ETF Connect program.

It remains unclear when the ETF link will start to operate.

Share this article
Open WeChat and scan the QR code
Copyright © 2017 Caixin Global Limited. All Rights Reserved.