Shanghai exchange seeks permission for ETF

It hopes to launch China''s first exchange-traded fund by the end of this year, provided it can overcome several hurdles.
March 31, 2003

The Shanghai Stock Exchange has applied to the China Securities Regulatory Commission (CSRC) for approval to launch the nation's first exchange-traded fund. Exchange officials say they hope to launch an ETF based on its recent Shanghai180 Index by the end of this year.

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