CSRC removes E Fund ETF application to avoid speculation - AASTOCKS.com

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CSRC removes E Fund ETF application to avoid speculation

2012-02-09 09:17:18

China Securities Regulatory Commission announced it has removed E Fund Management's ETF application from its website after receiving E Fund's application regarding issue of Hong Kong stock ETF products in the Mainland China. A press reported that as the discussion on Hong Kong stock ETF was quite sensitive, CSRC, with a view to avoiding speculation, keep a low profile when handling the issue.

From China's media, the Hong Kong stock ETF plan has already been reported to the State Council and is still pending for the approval of the Council.

In addition, apart from E Fund, China AMC has also submitted an application to CSRC for the issue of Hong Kong stock ETF; China AMC also planned to issue the product via QDII, in an amount of $5 bln. (t)

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