Trading starts under Shanghai-Hong Kong ETF Connect Toggle share menu
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01 Jun 2021 05:45PM Share this content
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SHANGHAI: Shanghai s exchange-traded fund market exceeds 1 trillion yuan (US$156.84 billion) in capitalization, making it the world s sixth biggest, the city s bourse said on Tuesday, as trading started under the Shanghai-Hong Kong ETF Connect.
Shanghai s ETF market is Asia s No.2 by market cap, but by trading volume, it is already the region s biggest, Shanghai Stock Exchange (SSE) deputy general manager Liu Ti said in a statement. Japan is home to Asia s biggest ETF market by size.
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Liu s comments come as the first pair of ETFs were listed on Tuesday under a cross-listing scheme between Shanghai and Hong Kong.
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