The absence of ETFs that track overseas equities and non-equity assets, such as fixed income and commodities, may limit the attraction to both onshore and offshore institutional investors.
The city's stock exchange moves to allow more than one ETF manager to track the same index to foster greater competition and sustainable market growth.
The bank's db X-trackers unit is set to launch a suite of physically backed ETFs, but says its aim has always been to provide a supermarket selection and the move is not solely related to flows.
China’s CSRC grants approval to four fund houses as they seek to launch physically backed A-share ETFs in Hong Kong under the second batch of RQFII quotas.
The SFC has just authorised two sets of synthetic ETFs after a gap of a year-and-a-half, suggesting it is ready to approve such products again after a bout of regulatory tightening.
Xu Zhiyan of Hua An tells a conference that while ETFs are being launched in China, subscription levels are low and trading volumes are diminishing. He advocates more education.
The bank has signed an MoU with the Shanghai Stock Exchange to clear the way for listings of ETFs based on BNY Mellon's indices of firms that use depositary receipts.