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June 30, 2012

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Tracking stock indexes

THE China Securities Regulatory Commission has approved the first two mainland-listed exchange-traded funds to track Hong Kong stock indexes on the Shanghai and Shenzhen bourses, Hong Kong's regulator said yesterday.

The city's Securities and Futures Commission also authorized the listing of a yuan-denominated A-share ETF on the Hong Kong stock exchange. The ETF, under the RMB Qualified Foreign Institutional Investor program, will track the performance of an A-share index.






 

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