Shanghai, Japan deal on ETFs is signed
Print Edition
The Shanghai Stock Exchange and Japan Exchange Group signed an ETF (exchange-traded fund) agreement in Shanghai yesterday.
The ETF Connectivity Agreement was signed at a China-Japan capital market forum, which was jointly held by seven organizations, including Shanghai and Shenzhen stock exchanges and Japan Exchange Group.
Under the agreement, the Shanghai Stock Exchange and Japan Exchange Group will list each other’s ETFs, and fund companies from both sides are able to invest their fund assets in ETF products.
Toshihide Endo, commissioner of Japan’s Financial Services Agency, said Japan and China had achieved many pragmatic results in financial cooperation, which is welcomed by the Japanese government.
He also said it was of great importance for both Japan and China to work together to promote the reform of the capital markets, as well as boost innovation and sustainable development of economy.
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