ETF link kicks off at Shanghai bourse

The Chinese capital market accelerated its opening-up with the official launch of the China-Japan ETF Connectivity scheme on Tuesday, allowing investors in both countries to invest in each other's exchange traded funds market.

At the launch ceremony held at the Shanghai Stock Exchange on Tuesday, four China-Japan ETF connectivity products started trading at the Shanghai bourse. The products were rolled out by four Chinese fund companies - E Fund Management, China Asset Management, China Southern Asset Management and HuaAn Funds.

It took less than 10 months for the connectivity scheme to start trading. The SSE signed a memorandum of understanding with the Japan Securities Group in October to study the feasibility and make joint efforts to realize China-Japan ETF Connectivity.