Asian Financial Forum: China and Hong Kong to collaborate more on cross-border access and cross-listings of ETFs, says CSRC chief
Hong Kong and Shanghai are set to more closely align clearing and settlement systems enabling the cross-listing of instruments such as exchange-traded funds. Meanwhile, the Chinese authorities plan to encourage state-owned enterprises to launch so-called ‘dim sum’ bonds in Hong Kong, according to CSRC chief, Shang Fulin.
The securities markets of China and Hong Kong, which share a symbiotic relationship with each other and the China Securities Regulatory Commission (CSRC), will explore forging closer ties between the equities and renminbi corporate bond markets of Shanghai and Hong Kong, CSRC chairman Shang Fulin told delegates attending the Asian Financial Forum in Hong Kong today.
For example, Shang said, the mainland securities market watchdog will study the prospect of getting exchange traded funds (ETFs)
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