China ETF race heats up

BGI unveils the first A-share ETF for foreign investors as SSgA''s domestic version prepares to go live.

Barclays Global Investors will launch an exchange-traded fund based on China A shares next week in Hong Kong, making it the first to provide the non-mainland domestic retail investment base access to that market.

The move comes just before Beijing-based China Asset Management and its partner State Street Global Advisors launches China's first domestic, renminbi-denominated ETF based on a Shanghai Stock Exchange index.

Due to the complicated nature of China's underdeveloped capital...

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