Landmark A-share ETFs cleared for Hong Kong launch

China’s securities regulator has cleared a path for four fund houses to list the first physically backed A-share ETFs in Hong Kong under the expanded RQFII scheme, sources confirm. The China Securities Regulatory Commission gave verbal approval to China AMC, Harvest Global Investments, E Fund and CSOP as they seek to list products in Hong Kong tracking the CSI 300, MSCI A-Shares, CSI 100 and A50 indices, respectively. The four subsidiaries have already submitted their product ap…