BEIJING: China and Japan made key progress on a programme that will allow cross-listing of exchange-traded funds (ETFs) and make it easier for investors to buy shares in each other’s nations.
Both sides have sped up market access and strengthened regulatory cooperation since a memorandum of understanding was signed in October, Yi Huiman, chairman of the China Securities Regulatory Commission, said in a statement yesterday. While he didn’t say when the so-called ETF Connect would start operating, Nikkei previously reported that this could be as early as May.
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