Hong Kong-Mainland ETF cross-listing approved

28 Aug 2020



The Securities and Futures Commission (SFC) today authorized two exchange-traded funds (ETFs) to be listed on the Stock Exchange of Hong Kong (SEHK) under a scheme which will facilitate cross-listing of ETFs between markets in Hong Kong and the Mainland.

The two ETFs will each invest in an ETF approved by the China Securities Regulatory Commission (CSRC) and currently listed on the Shenzhen Stock Exchange (SZSE) (Note 1).

The SFC also welcomes the CSRC’s approval today of two ETFs to be listed on SZSE under the same scheme.  They will each invest in an SFC-authorized ETF currently listed on SEHK (Note 2).

The scheme is a testament to the deepening of cooperation between the Mainland and Hong Kong capital markets, and will provide Hong Kong and Mainland investors with more investment opportunities and product choices through access to each other’s market.

These ETFs will be listed on their respective markets under existing listing procedures.

End

Notes:

  1. The two ETFs authorized by the SFC will each invest 90% or more of its total net asset value in a CSRC-approved ETF currently listed on SZSE through the Renminbi Qualified Foreign Institutional Investor (RQFII) status.
  2. The two ETFs approved by the CSRC will each invest at least 90% of its assets in an SFC-authorized ETF currently listed on SEHK through the Qualified Domestic Institutional Investor (QDII) status.


Page last updated : 28 Aug 2020