Japanese investors can now buy Chinese stocks
SHANGHAI - Investors in China and Japan can now invest in each other's stock markets through cross-border exchange-traded funds (ETFs) listed on stock exchanges in both countries.
Caixin reports that four cross-border ETFs have been listed on the Shanghai Stock Exchange under the new China-Japan ETF Connectivity programme.
Meanwhile, two ETFs set up by Japanese firms listed on the Tokyo Stock Exchange on the same day will invest in two Chinese ETFs.
Caixin quotes the CEO of Japan Exchange Group as saying: "If we consider the sizes of these two capital markets, this may only be a small step today, but it is surely a significant step with immense potential for the future." www.webershandwick.cn (ATI).