China and Japan are exerting effort to expand their ETF connectivity scheme. As part of the joint ETF Connectivity scheme, launched 18 months ago, the Shanghai, Shenzhen and Japan Exchanges have moved to bolster their exchange-traded fund offering, the Financial Times reports. The Japan Exchange Group approved two new ETFs from Daiwa Asset Management, while the iFreeETF China STAR50 and iFreeETF China GBA100 were also introduced. Under the scheme, four Japanese asset managers and four Chinese asset managers can list new ETFs to be traded in both markets. What makes this latest development ex...