⊙ reporter Shi Na Peng Chao Liu Yufeng 0 edit Ruan Qi Hong Kong stocks ETF fading past. Yesterday, the Mainland and Hong Kong regulators, exchanges and trade representatives gathered in Hong Kong held a seminar to discuss cross-border cooperation and development.Management said at the meeting of the Shanghai Stock Exchange, cross-border ETF will launch during the year. Cross-border ETF will use "T+2," said Zhang Yujun, Shanghai Stock Exchange, current and capital market in Hong Kong is facing rare opportunities for development in the Mainland, the State has just released "35" planning, Shanghai and Hong Kong Exchange shoulders better serve the national economic development of the new tasks and new missions. At the same time, the internationalization of RMB forward, both for capital market has injected new vitality, the two exchanges should be strong cooperation, sharing opportunities for development. Recommended reading
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"Zhang Yujun said. Legislation for both cross-listed ETF, k c CHAN, the Secretary said Hong Kong financial services and the Treasury, since Hong Kong and the Mainland signed CEPA 6th and supplementary agreement, has been largely implemented.
Ronald ARCULLI, Chairman of the HKEx also pointed out that current strong market demand for ETF and index related products in Asia, Shanghai and Hong Kong's two largest exchange in ETF products can increased cooperation in the future, particularly in terms of both cross-listed index products. As regards the timetable for the launch of ETF products across the border, said Liu Xiaodong, Deputy General Manager of Shanghai Stock Exchange, a few months will see ETF across markets. The Director of product development by Zhao Xiaoping also revealed that the obstacles currently does not exist, should be launched before the end.
As Hong Kong ETF is implementing "T+2" Japanese settlement mechanism, so cross-border first ETF product launch will also be the "T+2" form. Cross-border lines of QDII on ETF Exchange Zhao Xiaoping said in Shanghai Stock Exchange in the strategic development plan for the third decade, the Fund market is on and blue-chip market as important location. From 2010, the explosive growth in the Fund market, 2010 issued 10 ETF, preparing to issue 20 this year, ready to push 40 next year, the ETF to the Shanghai Stock Exchange in the second half of 2013 the number will reach 100. Single market ETF will soon break, cross-market products of some important risks and settlement issues, consensus had been achieved. Now almost all important international index company has contract with Shanghai Stock Exchange.
In addition, the study on the Shanghai Stock Exchange has launched cross-listed gold ETF in the possibility of the system. It is understood that the initial launch of ETF products across borders should be the Hong Kong stock index-linked products, Fund for mainland companies have started to develop the market value of ETF products are across the border in the Hang Seng Index ETF and the Chinese-funded enterprises ETF, and so on. Participants at the meeting revealed that ETF fund companies across the border from the Mainland will use each fund company line of QDII Exchange, State administration of foreign exchange have already committed, if active trading after the Mainland cross-boundary ETF listing, purchase, Fund, and will ensure the QDII limit increase, avoid arising from purchase, more "forced air".
