ChinaAMC to manage China ETF

Jul 11, 2004

The first exchange-traded fund will follow the Shanghai Stock Exchange''s top-50 index.

China Asset Management (ChinaAMC) and the Shanghai Stock Exchange have been given the green light by regulators to introduce the country's first exchange-traded fund, which will track the bourse's SHSE 50 Index of the most capitalized stocks.

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