Chinanews.com, August 28. According to the official WeChat news of the China Securities Regulatory Commission, the China Securities Regulatory Commission recently approved the registration of two Shenzhen-Hong Kong ETF interoperable products. The products are established in China by domestic fund managers and adopt the Qualified Domestic Institutional Investor (QDII) model , Invest no less than 90% of the fund’s net assets in a single target ETF in Hong Kong, and track the market performance of the Hang Seng China Enterprise Index and the S&P New China Industry (A-Share Cap) Index. Fund shares are listed and traded on the Shenzhen Stock Exchange.
The China Securities Regulatory Commission stated that the launch of Shenzhen-Hong Kong ETF interoperability products is a concrete measure taken by the CSRC to implement the important decisions and deployments of the Party Central Committee and the State Council on supporting the development of the Guangdong-Hong Kong-Macao Greater Bay Area and Shenzhen’s construction of a pioneering demonstration zone of socialism with Chinese characteristics. Hong Kong’s financial markets are interconnected and open to the outside world on a larger scale and at a higher level; this will help further enrich the cross-border fund product system and provide investors in both places with more diversified investment options. In the next step, the China Securities Regulatory Commission will continue to strengthen business supervision, strengthen the protection of investors' legal rights and interests, and promote the healthy development of products.