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Beijing pledges further boosts to ETF industry

Financial Times LogoFinancial Times13h ago

Beijing pledges further boosts to ETF industry - Financial Times

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The plans are part of a new stimulus package unveiled by China’s central bank and top financial and securities regulators on September 24, as the government strives to reignite growth and bolster the flagging stock markets in the world’s second-largest economy.

The CSI A500 Index was launched in China on September 23.“We will further optimise the registration of equities fund products, promote the innovation of indexed products such as broad-based ETFs, and launch more mid and small-cap ETF fund products in due course,” Wu said.

In the first half of the year, Central Huijin injected over Rmb330bn into CSI 300 ETFs run by Huatai-PineBridge Fund Management, E Fund Management, Harvest Fund Management and China Asset Management, as well as China AMC’s SSE 50 ETF.

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Article Details

Author / Journalist: John Sedgwick

Category: MarketsFinanceInvesting

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-30 @ 04:00:50 (13 hours ago)

News Timezone: GMT -5:00

News Source URL: ft.com

Language: English

Article Length: 1011 words

Reading Time: 6 minutes read

Sentences: 31 lines

Sentence Length: 33 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Financial Times

News ID: 22782110

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Main Topics: MarketsFinanceInvesting

Official Website: ft.com

Update Frequency: 13 posts per day

Year Established: 1888

Headquarters: United States

News Last Updated: 11 hours ago

Coverage Areas: United States

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Publication Timezone: GMT -5:00

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Publisher ID: #3

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