China has been opening up its capital markets with a series of initiatives, however, the best vehicle for institutional investors to tap the onshore equities would be through an asset manager who holds a Renminbi Qualified Foreign Institutional Investor license, according to Principal Global Investors.
Nasdaq intends to build partnerships, roll out education efforts and convince Asia’s retail investors to take exposure to exchange traded funds, said Rob Hughes, head of index and advisor solutions at Nasdaq.
Authorities in Hong Kong and China have approved the launch of the Hong Kong-Shanghai stock connect pilot scheme, setting the start date for November 17.
Hong Kong and China shares declined today after the Hong Kong Exchange said there was no firm date to implement the Stock Connect programme, which was widely expected to go live in October.
In final preparation for the stock connect programme, Carlson Tong, Hong Kong’s top regulator, has signed an agreement with his counterpart in China for cross-border information sharing and joint investigation of suspected misconduct.