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China To Unveil HK ETF For Investors
China will roll out an ETF allowing Chinese investors to access stocks listed in Hong Kong.
China will roll out an ETF allowing Chinese investors to access stocks listed in Hong Kong, Bloomberg reports. The measure, unveiled by vice premier Li Keqiang, follows an earlier proposal to let Chinese nationals purchase equities directly. That plan was scrapped.
China will also allow qualifying institutions to buy mainland securities up to an initial quota of $3.1 billion. These measures have been taken to boost the city’s role an offshore hub for the use of the Chinese currency.
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