Hong Kong, Shanghai see first ETF cross-listings with market ties closer Xinhua 01 Jun 2021, 19:49 GMT+10 HONG KONG, June 1 (Xinhua) -- Hong Kong and Shanghai witnessed the first cross-listings of exchange traded fund (ETF) on Tuesday, indicating increasingly closer ties between financial markets of the two sides. The CSOP Huatai-PineBridge CSI Photovoltaic Industry ETF was listed here Tuesday under a Hong Kong-mainland cross-listing scheme that was announced in 2020, according to Hong Kong Exchanges and Clearing Limited (HKEX). The product invests 90 percent or more of its total net asset in the ETF currently listed on the Shanghai Stock Exchange. "We warmly welcome these two new ETFs to the market today," HKEX chief executive Nicolas Aguzin said, adding these listings marked an important step forward in the development of cross-boundary ETFs, and served to "deepen the collaboration between Hong Kong and mainland exchanges."