China launches cross-border investment scheme Sino-Japan ETF Connect

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SHANGHAI, May 24 (Reuters) – China’s securities regulator said on Friday it has launched a cross-border investment scheme linking Chinese and Japanese stock markets using exchange-traded funds (ETFs).

Under the east-bound leg of the so-called Sino-Japan ETF Connect, Chinese fund managers can set up Shanghai-traded ETFs that invest at least 90% of assets in Japan ETFs that track the Nikkei 225 Index or Topix Stock Price Index, the China Securities Regulatory Commission (CSRC) said in a statement on its website.

The Shanghai-traded ETFs will be launched under the outbound Qualified Domestic Institutional Investor (QDII) scheme, CSRC said. (Reporting by Samuel Shen and John Ruwitch)

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